Quote Originally Posted by jabarto View Post
It's not really surprising. Don't most economist regard Austrian/Chicago-school thoughts the way philosophers regard Ayn Rand?
What? Both of the men I listed won Nobel prizes for their work in economics and advanced the field tremendously. So, no, not at all. Both those schools, and individuals I named, have had a huge and lasting impact on economics.

Only the nutjobs still believe in either free market or a planned economy, CR. The other 99% of the world's population has embraced a mixed economy, which has shown itself to be the only sensible economy.
What eloquence and reasoning. If by mixed you mean Keynes, then .

No, sorry, our federal budget is dominated by defense spending. Try again.
Oh really?

In 2007, social security, medicare, medicaid, and welfare and unemployment spending took over 50% of the budget - a figure expected to grow significantly.

CR