“We Are All Austrians Now”

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Ed Yardeni, who has spent over 25 years on Wall Street  including time as the Chief Economist of EF Hutton, former Columbia University Graduate School of Business professor, and has held positions at the Federal Reserve Bank in Washington, DC, New York City,  and at the US Treasury Department, writes:

We are all Austrians now. Over the past few weeks, in Los Angeles, San Francisco, Sacramento, New York City, and London, I’ve run into more and more institutional investors whose economic and financial views either knowingly or unknowingly reflect the influence of the Austrian School of Economics. I am in Zurich today and Geneva tomorrow.  … How do you know if you are an Austrian? Here is a simple test. Answer yes or no to the following question: “I believe that this will all end very badly.” If you agree, then you are probably worried that all the government policies that rescued us from a depression in 2008 and 2009 only postponed the coming wipe-out of debt and the collapse of asset prices–and will actually make the inevitable calamity even worse.

Via EconomicPolicyJournal.com via The Ethiopian Review via Dr. Ed Yardeni’s Economics Network

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