I think Austrians use data in a different way. They read history and looks at trends through history to make conclusions. There have been thousands of governments and currencies in the history of man-kind and you can pull infinite empirical data from that. The data is much different than the other Keynes data, but also MUCH more accurate. They use more accurate empirical data than the rest.[/quote]
Dude, you don’t even understand Austrian economics and their complaints with monetarists and modern day economic modeling. You’re just spouting laissez-faire talking points – which is not Austrian economics, though, Austrian economists tend to be laissez fair as well.
