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Ben Bernanke on Austrian School Economics


John Meynard Keynes on Friedrich Hayek's "Prices and Production":
"The book, as it stands, seems to me to be one of the most frightful muddles I have ever read, with scarcely a sound proposition in it beginning with page 45 [Hayek provided historical background up to page 45; after that came his theoretical model], and yet it remains a book of some interest, which is likely to leave its mark on the mind of the reader. It is an extraordinary example of how, starting with a mistake, a remorseless logician can end up in bedlam."

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Dodged Question

He dodged the question but at least we got proud Austrians out there questioning these Keynesians in public and not letting them have free rein to spew their garbage to the misinformed public