An Overview of Austrian and Keynesian Economics
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Show Notes
There are two main theories of macro economics - Austrian and Keynesian. Austrian economics developed in the late 1800’s Austria while Keynesian economics was developed in the environment of the 1930’s Great Depression.
I believe that it’s pretty indisputable that the majority of the countries of the world operate under what amounts to Keynesian economics. I believe that these policies are what are bringing us to the brink of a Global Depression.
In today’s episode I give an overview of the two economic theories, a bit of history and the major differences between them.
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Transcript not available for this episode.