September 25, 2012 § 1 Comment

The Daily Knell

Most alternative media outlets promoting Austrian economics are fond of laying all the blame for our economic woes at the feet of politicians and the government. To be sure, Austrian sympathizers are correct in pointing out that governments have become, in most countries, bloated and mismanaged institutions, with labyrinthine rules and an addiction to red tape. However, what is suspicious is that Austrian solutions always end up somehow benefiting private banks and “hard money” proponents instead of the general population.

Let us identify some of the typical memes disseminated by Austrian outlets, through an analysis of Daily Bell’s founder Anthony Wile’s sales pitch for The Foundation for the Advancement of Free Market Thinking (FAFMT). Keeping in mind that Wile and several of his collaborators have worked and still work as consultants for large international banks and other financial concerns, we will apply the well-known cui bono principle to our analysis:…

View original post 1,401 more words

Advertisements

§ One Response to

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

What’s this?

You are currently reading at Recovering Austrians.

meta

%d bloggers like this: