Friday, 29 April 2011

Big laughs for the Austro-Libertarians

George Soros: what a cock. Courtesy of Tom Woods, we glimpse through a window into the man's ignorance.
Soros said, “Friedrich Hayek is generally regarded as the apostle of a brand of economics which holds that the market will assure the optimal allocation of resources — as long as the government doesn’t interfere. It is a formalized and mathematical theory, whose two main pillars are the efficient market hypothesis and the theory of rational expectations.

“This is usually called the Chicago School, and it dominates the teaching of economics in the United States.”

There may be some readers who don't get why that's funny. Tom will explain...

1 comment:

Caleb983 said...

Soros is a fascist. Pure disinfo, and probably on purpose too. Like Woods said, ThinkProgress is ridiculed with shit like that.