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Why the Austrian, Keynesian, Marxist, Monetarist, and Neo-Liberal Economists Are All Wrong

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WHY EVERYONE IS WRONG
This part made me laugh out loud: "The classic Austrian prescription is to allow prices to decline until the median wage becomes adequate. Given the risk of a deflationary wage-price spiral, which is desired by no one except for the cash rich, the political risks of such an approach are enormous."

Yeah! Those... those... people... that have....you know... actual... cash.
SOURCE:   Naked Capitalism

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