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Thursday, February 25, 2010

Private Money Gets Ripped on

Yesterday I was looking at and there was an article on private money.  I thought , “Excellent, the work of the Austrians is starting to get through.” 

Yes, I was wrong again.  Apparently, if you don’t understand a concept, it is better to push it to the extreme and then make fun of it.  I find this attempt at debate shameful. 

It just shows that there is still a long way to go.

  • Paul Cwik is the BB&T Professor of Economics and Finance at the University of Mount Olive.