Here is Lorenzo from Oz in a comment on Scott’s blog:
Q: How can you tell an internet “Austrian”?
A: They have successfully predicted 10 of the last 0 bouts of hyperinflation.
Lorenzo is a genius!
HT Michał Gamrot
How can you tell an internet “Austrian”?
Posted in Austrian economics, Fantasy
Tagged Lorenzo from Oz
Posted by Lars Christensen on April 2, 2012
https://marketmonetarist.com/2012/04/02/how-can-you-tell-an-internet-austrian/
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Marcus Nunes
/ April 2, 2012And, I suppose, some MMTers will say, coming from the opposite side of the Austrians, that Argentina´s experiment with a completely subservient Central Bank brings no risk of hyperinflation.
lorenzofromoz
/ April 2, 2012I aim to please 🙂
Lars Christensen
/ April 2, 2012Lorenzo you indeed do!
lorenzofromoz
/ April 4, 2012Marcus: nice one. Just like Zimbabwe perhaps?
Benjamin Cole
/ April 4, 2012At any moment, any nation is one inch away from becoming the Weimar Republic (and Nazism inevitable), or Zimbabwe or Argentina.
Nations with long records of moderate inflation and prosperity (which includes most Western economies) are anomalies.
lorenzofromoz
/ April 5, 2012Yes Benjamin, that is the mindset encapsulated nicely 🙂