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Best Satire of Faux Austrian Economics Ever

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This is a gem from the ex-Chief regulator of the S&L debacle in 1990-1991:
"Someone has created a fabulous, richly detailed parody of Austrian economics. They call it The Daily Bell and claim that its perspective reflects Austrian economics. In reality, it satirizes faux Austrian economics' sycophancy toward elite white-collar criminals.
I was delighted to learn that they used my recent column: The Virgin Crisis: Systematically Ignoring Fraud as a Systemic Risk as the vehicle for their send-up."

Read the rest of the story HERE:


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