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Nice ad hom with no explanation how that is so, professor.![]()
"Ad hom"? I didn't attack any personal characteristic of any Austrian economist so as to avoid argument; I made claims about Austrian business cycle and firm theory. While I'm of the opinion that Hayek, for example, provides valuable insights into knowledge problems, empirical evidence has proven to be contrary to modern Austrians' predictions based on the aforementioned theories, which is why Friedman concluded that the ACBT was inaccurate.