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Economic Schools Comparison. Which one is Better and why???
- Thread starter jueco2005
- Start date
I identify myself as an austrian, not only because of my libertarian leanings, but also because it's the only approach that allows me to read the financial news understand them and trade the markets at the same time without getting schizophrenic.
Every other economic approach is clueless about the relationship b/w news and the markets, all they do is after the fact rationalization.
Of course, the austrian approach is not perfect and I see several ways they could improve, but it's the best I know. I cannot stand any other school as they all sound like BS to me.
Even the Chicago School which used to be a cradle of libertarianism and free marketers now they are full of crypto socialists if not fully out of the closet socialists. Power corrupts obviously. There are exceptions as Fama and Cochrane, but then again, I do not share their finance theories.
Every other economic approach is clueless about the relationship b/w news and the markets, all they do is after the fact rationalization.
Of course, the austrian approach is not perfect and I see several ways they could improve, but it's the best I know. I cannot stand any other school as they all sound like BS to me.
Even the Chicago School which used to be a cradle of libertarianism and free marketers now they are full of crypto socialists if not fully out of the closet socialists. Power corrupts obviously. There are exceptions as Fama and Cochrane, but then again, I do not share their finance theories.
Let me fix you my friend. Economics is like God.........too big to fit in only one religion (one shool of thought).
To better understand God one must go outside one owns religion to truly learn.
Same thing with economics..........so I tell you......you think all other schools are BS then you have become that yourself.
As I said I consider myself more of a Chicago School than anything else, but I now about Austrian Economics, I check their websites and read their articles everyday..........I know aobut Marx and Communism and Socialism...........I am Cuban and lived under communism for 16 yrs.
So my friend dont be afraid of learning.
To better understand God one must go outside one owns religion to truly learn.
Same thing with economics..........so I tell you......you think all other schools are BS then you have become that yourself.
As I said I consider myself more of a Chicago School than anything else, but I now about Austrian Economics, I check their websites and read their articles everyday..........I know aobut Marx and Communism and Socialism...........I am Cuban and lived under communism for 16 yrs.
So my friend dont be afraid of learning.
Quote from buzzy2:
I identify myself as an austrian, not only because of my libertarian leanings, but also because it's the only approach that allows me to read the financial news understand them and trade the markets at the same time without getting schizophrenic.
Every other economic approach is clueless about the relationship b/w news and the markets, all they do is after the fact rationalization.
Of course, the austrian approach is not perfect and I see several ways they could improve, but it's the best I know. I cannot stand any other school as they all sound like BS to me.
Even the Chicago School which used to be a cradle of libertarianism and free marketers now they are full of crypto socialists if not fully out of the closet socialists. Power corrupts obviously. There are exceptions as Fama and Cochrane, but then again, I do not share their finance theories.