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RE: Austrian Economics 101
Communism looked great on paper also, it still does to some people - disgustingly. I don't discount the Austrian theory, in which, the fundamental principles follow the opinions of those who built this country -- but I am skeptical to see how this period of systemic crony capitalism will end. Either with socialism or actual free enterprise, seems to be an arms race in promoting the two.
Austrian economics is hardly favorable towards crony capitalism. Perhaps I should work on a "part 2."
Communism is an economic system that says, "People should behave in manner X we approve." Keynesianism, Georgism, the Chicago school, etc. also offer prescriptive solutions. Austrian economics begins first by examining how and why humans act, and prefers to describe rather than prescribe.