Quote from trefoil:
Ricter's trying to educate you. One more time:
Neo-liberals are monetarists; they were the "Chicago boys". They basically prescribed neo-classical solutions to the Chilean government. The Chicago School of monetarism I've seen described as "Austrian light".
I leave it up to you to decide how close or far they are to your school of thought, but they have nothing to do with modern liberalism, which are the folks you're aiming at.
We, as you know, like Keynes, Minsky, people like that.
Our beef on a theoretical level with you guys is simple: you don't actually live in the real world. It's very easy to say "no" to everything, but you know, once you get past the age of two, that kind of reaction gets old.
How childish do we think you are? The below is from "A Dynamic Theory of Forward Exchange", an old book by Paul Einzig on how forward exchange influences and is influenced by the spot fx exchange rate. It details how Mises insisted, despite detailed evidence to the contrary, that the Austro-Hungarian central bank responded to a currency crisis not through the forward exchange market, but through buying and selling gold, in a manner consistent with the classic gold standard. It's long but worth it for the light it sheds on the libertarian mindset:
Theory over fact. If the world doesn't fit your theory, make it fit. That pretty much describes libertarianism.