September 03, 2008

Let’s hear it for the Austrian Theory of the Business Cycle!

The attendees of Ron Paul’s “Rally for the Republic” will undoubtedly be slandered across the Internet as a bunch of insane cranks. I ask, however, at what other gathering would loud applause be heard when a speaker mentions “the Austrian Theory of the business cycle”? (check out 4:23 in video 1). At what other political convention are supporters actually enthusiastic about ideas at all?

Sorry for the poor quality of this video, it was the the only one I could find on YouTube. Once a better one is available, I’ll post it.

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