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a008t
8y ago
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If Austrians cannot give one an idea of, for example, what the outcome of QE would be, then what is the value of this school of thought? Does that not make it merely an interesting abstract theory with no practical real-world applications?
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arethuza
8y ago
It does mean that you can never be demonstrated to be wrong!
Edit: I changed "proved" to "demonstrated" ;-)
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