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ArjinFerman

Tinfoil Gigachad

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joined 2022 September 05 16:31:45 UTC
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User ID: 626

ArjinFerman

Tinfoil Gigachad

2 followers   follows 4 users   joined 2022 September 05 16:31:45 UTC

					

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User ID: 626

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Kinda. Yes, Austrians are in favor of free trade, and tend to say deficits are just a natural part of trade, but they're quick to note that this is only the case under something like a gold standard, which has built-in balancing mechanisms, and that under fiat you can have perpetual deficits, which aren't good for you in the long run. Peter Schiff in particular had entire hours of rants about how the US is printing IOUs to buy consumer goods from Asia. The sentence I quoted from Noah Smith is literally indistinguishable from the kind of stuff he used to say (and probably still is).