Sunday, June 27, 2010

You know you're an Austrian economist...

10. when you realize that America is not really a capitalist country.
9. when you find yourself disgusted that an econ student doesn't know who von Mises is.
8. when people hate you for saying the minimum wage is bad and pricing gouging serves a purpose.
7. if you think about the marginal utility of the second bite of delicious steak.
6. when you get blank stares after telling people artificially low interest rates rob wealth through inflation.
5. when you're sort of excited about the dollar collapse and the chance to start over.
4. when your modern day heroes are Ron Paul, Lew Rockwell and Peter Schiff.
3. when you can explain to someone why Keynsian and moneterist policies have failed us.
2. when you're thankful every day that Krugman isn't in charge of the economy.
1. when you hear the name Hayek, you think of Friedrich instead of Selma.