austrian school

austrian school

[207] White on Austrian Business Cycle Theory and Thoma on the US muddle through

2d ago
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Our lead story today is Pimco. The next few weeks are critical for the bond giant as pension consultants are recommending clients withdraw their money from Pimco funds; more specifically, Pimco funds that were once managed by Bill Gross. September alone saw a record $23 billion in redemptions. Erin weighs in. Then, Erin is joined by Lawrence White, author and professor of economics at George Mason University, to discuss Austrian economics. White explains that the recent boom and bust has caused a resurgence in interest in Austrian School economics and in one of its foremost economists Friedrich von Hayek. After the break, Erin speaks with Mark Thoma, professor of economics at the University of Oregon and blogger at Economist’s View, to talk about the US economy. He sees the fiscal drag on the economy as leading to a muddle through which he expects to continue well into 2015. And in The Big Deal, Erin and Edward Harrison review the US automobile industry. Although the data were mixed for the Big Three firms, expectations are for a record 2015, perhaps on the back of lower lending standards. Take a look! Check us out on Facebook: http://www.facebook.com/BoomBustRT https://www.facebook.com/harrison.writedowns https://www.facebook.com/erinade2020 Follow us @ http://twitter.com/ErinAde http://twitter.com/edwardnh