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The Clear Language of the Austrian School

PatrickHenry_Thunder10 Wrote: Apr 17, 2012 3:56 AM
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Life's twists and turns will take a person on journeys he would never imagine. A kid from rural Kansas growing up where people simply speak their minds, all the while lacking the fancy elocution offered by supposedly highly educated city folk, couldn't imagine a school of economics offered clearly and simply.

Indeed the Austrian tradition of clear and sound economics is a long one. In the early 19th century, Frenchman Frédéric Bastiat took up where the Spanish Scholastics left off. As the brilliant wordsmith and Wall Street analyst Jim Grant explains,

Because nobody else can understand them, modern economists speak to...