October 19, 2012 § 5 Comments
Recently Tom Woods has been on a crusade ‘debunking’ the critique on Austrian Economics by Wayne Walton and myself. Yesterday he reasserts his faith in deflation in an article also posted on Lew Rockwell. In this article we not only, again, disassemble the breathtakingly ‘naive’ Austrian view on deflation, we throw in a challenge too.
Yesterday Woods wrote an article, also posted at Lew Rockwell’s, regurgitating the same nonsense about deflation and basically claiming victory. Apparently assuming nobody would find out about what actually happened, because he didn’t provide the link to the Facebook debate Wayne Walton and I were having with him earlier, that led to this article of his.
Of course we’ll point out the obvious (for the readers of this blog) once more, by analyzing his article, but before we do, let me say this.
It’s high time for a full blown, man to man…
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