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Keynesian vs. Austrian Economics

IMG Auteur
Published : September 27th, 2014
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Category : Gold and Silver

Here’s a pretty neat infographic from the Austrian Insider detailing the key differences between two very different schools of thought on economics – Keynesian and Austrian.

After working as an engineer for many years before even looking closely at this, I never understood the fixation on supporting aggregate demand regardless of how you got to the position where aggregate demand needed to be supported (i.e., reckless credit expansion leading to asset bubbles), which is why I’d guess that most engineering-types who look at this sort of thing favor the Austrian view.

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Tim Iacono is the founder of Iacono Research, a subscription service providing market commentary and investment advisory services specializing in commodity based investing.
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