by Sandy Ikeda
A comment from Laeeth Isharc on an earlier post raises a fair but, at least for me, uncomfortable point:
…Austrians/Hayekians might perhaps be within a minority of economists able to foresee the disastrous consequences of the inevitable bust…. But I don’t recall seeing a single piece by Austrian economists in the academic or policy world warning about the dangers of such a policy in the contemporary context.
So help me out: Who, if anyone, firmly within the Austrian camp — let’s say associated with NYU, GMU, WVU or current members of the SDAE — called this latest boom and bust? I certainly didn’t.
I’ll be generous in interpretting “call” (i.e., exact timing and magnitudes not essential — so pattern predictions are OK), but please respond with references to published writings, including articles and, I guess, blog posts.