Sheldon Richman on the Lame Liberal Campaign to Discredit Austrian Economics


When a presidential candidate declares, as Ron Paul has, "We're all Austrians now," it's inevitable that his critics would try to discredit him and his ideas—whether they understand what he's talking about or not. That's what liberal pundit Matthew Yglesias does in his Slate piece "What Is 'Austrian Economics'?" As Sheldon Richman explains, the piece is informative—but that's only because it reveals just how little Yglesias and other left-wing critics actually know about economic theory and history.