Originally Posted by brandonstills

Those who predicted the past and those who make logical sense have a higher probability of being right in the future. That's how I look at it. The fact that others disagree doesn't concern me. Majority vote is not an accurate epistemology (means of obtaining truth).

Keynes makes sense at first but not when you look into it more. Hayek came around and showed why Keynes was wrong. It is the same throughout the history of science.

First the sun revolving around the earth. Then that was proven wrong in favor of the sun and other bodies having perfect orbits around the earth. Then elliptical orbits. Then Newton's laws, then Einstein and relativity. Now even to this day we know Einstein was wrong and they are looking into string theory.

I don't see how anyone can RATIONALLY study both Keynesian economics and Austrian economics and not see the gaping holes former. I think Keynes gets favored because lots of people get a free lunch at the expense of taxpayer and those in power have the most to gain and they are the ones in control of the gov't and education. Austrian is also newer so it hasn't circulated as much. How many people have heard of E=MC^2 vs string theory?

There was a time when people thought the earth was flat. It's just a matter of time until "we aren't all Keynesians now".