"Austrian economics has
been through quite a rollercoaster ride over the last 10 years as the housing
bubble appeared to vindicate many of their views and then the economic recovery
proved many of their dire predictions completely wrong. I think Austrian
Economics is deficient and Austrian Business Cycle Theory is inherently flawed
and built on misunderstandings about the way the modern monetary system
actually works. Allow me to provide three core reasons why I believe this: (..)"
