Awesome to see someone busting out Mises. Needs to be done more on FR. The Austrian School of economics, as well as the Chicago School, hold the answers to liberating our economy and resolving our onerous and Byzantine monetary and fiscal systems.
Unfortunately, our POTUS doesn’t speak “austrian”, and even though he spent time in Chicago, he obviously never had the time to study the Chicago School of Economics....
the term “Chicago School” is associated with a particular brand of economics which adheres strictly to Neoclassical price theory in its economic analysis, “free market” libertarianism in much of its policy work and a methodology which is relatively averse to too much mathematical formalism and willing to forgo careful general equilibrium reasoning in favor of more results-oriented partial equilibrium analysis. The Chicago school is associated with neoclassical price theory and libertarianism in its support of lower taxation and private sector regulation, but differs from pure free-market economics in its support of government-regulated monetary policy
Below is a quote from the Obama worldtour 2009 he took after his swearing in ceremony......
“It was also interesting to see that political interaction in Europe is not that different from the United States Senate. There’s a lot of — I don’t know what the term is in Austrian — wheeling and dealing — and, you know, people are pursuing their interests, and everybody has their own particular issues and their own particular politics.”