The long-standing battle between Austrian and Keynesian economists is one that will most likely rage on forever. But why? Well, as Lew Rockwell points out, seeing the fundamental differences between these two schools of thought can be fairly easy. Just look at Frédéric Bastiat’s allegory that has come to be known as the story of the broken window.
February 15th, 2008 | Lew Rockwell | 8 comments | Continued