#WTFAustrians | Economic Schools | Amagi 23
Dylan and Nima discuss philosophic errors within the Austrian school of economics and how modern money theory (MMT) fills the gaps. Namely, Austrians reject empiricism and MMT emphasizes it. AMAGI #23
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Not to be confused with Keynesian economics or principles, the Chicago School, socialism, communism, or Alexandria Ocasio-Cortez. This isn't a crash course in how to get stuff for free. All schools of thought have to start with a framework philosophy, and the Austrian school of thought has a few holes.
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