Comment: It Depends What You Mean By "Austrian Theory"

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It Depends What You Mean By "Austrian Theory"

Certainly the Austrian school, perhaps to the exclusion of any other, has recognized that a ruling class of bankers stands to gain from manipulating the monetary apparatus. I don't see the contradiction, frankly.

I would suggest reading some Rothbard, particularly "A History of Money and Banking in the United States: The Colonial Era to World War II."

Rothbard and most Austrians do believe, along with Ayn Rand, that people act purposefully. The banking cartel didn't just stumble into their power. They intended to acquire it, and believe me they use it.

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"Make the lie big, make it simple, keep saying it, and eventually they will believe it." -- Joseph Goebbels

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"Make the lie big, make it simple, keep saying it, and eventually they will believe it." -- Joseph Goebbels