When you are in the shoe department at Kohl's and you overhear a customer and an employee who just met each other discussing how Keynesian economics has led us astray, you know it is part of the popular lexicon. If Keynesianism is bad, and the Austrians predicted the housing bubble and the crash, the uninitiated may conclude those who claim to espouse Austrian principles possess the Holy Grail.
They do not. There are many who claim to espouse Austrian prinicples who promote dangerous ideas. Some of them are given legitimacy by being quoted or having their writings hosted on sites whose owners have promoted early Austrian writers.
Please do not put words in my mouth. I never said "the people from the mises institute were 'false prophets' because they 'promote dangerous ideas' and 'promulgate lies'. I said some of these ideas are promoted there.
My message is for the uninitiated. Things are not always as they seem.
Beware false prophets.
“None are so hopelessly enslaved as those who falsely believe they are free.” – Goethe
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