Quote from Avalanche:
Are you refering to what I posted? If so Richard Ebeling is the Ludwig Von Mises Professor of Economics at Hillsdale. I asure you no economic school of thought has done more to discredit Keynes than the Austrian School. Not even close.
If some other currency did actually challenge the dollar going forward you'ld see hyperinflation here as the dollars are exchanged for "real" assets that makes Germany's inflation look like kids play compared ours.
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Alright. I'm a follower of Von Mises, and yeah I know the Austrian School (not familiar with Ebeling though). But I cannot imagine the Von Misses crowd decrying captialism and supporting socialism. If so, that would seriously discredit that branch in my eyes. This would also dismay me.
Socialism is inherently flawed, and one of the outcomes of that is a poor currency - money is a claim on unconsumed goods and socialism eats those unclaimed goods.
I really see a significant conflict between Von Mises and the concept that the Euro is going to become the New World Currency.
EDIT: And I apologize for calling you a (shudder) follower of Keynes.