David Frum Hearts the Fed, Hates Mises

Via Reboil Room


Recently David Frum threw a hit piece up on the Daily Beast, questioning how conservatives could possibly be stupid enough to gravitate toward this "so-called Austrian" Ludwig von Mises. Between Frum & a no-name from Bloomberg, they attempt to make the case that Austrians aren't smart enough to comment on economics since they are more philosophical and not empirical.

As a matter of fact, the no-name said Austrian Economics is "philosophy dressed up as economics". So clever.

This wouldn't be nearly as comical if it weren't for the fact that Frum is a distant cousin of none other than Paul Krugman.  Oh, and he graduated from Yale & Harvard of course.

Austrian (gasp) Thomas Woods has posted a nice response to this that we wanted to share with you.