There has been a lot of interesting news for Austrian Economics recently. The first bit of good news -
Today a Ph.D.-level seminar in Austrian economics commences at the University of Missouri. What is so important about this event is that the course is not part of a niche Austrian program dependent on external funding, but is part of the regular curriculum of a mainstream program at a major research university. This is a clear signal that Austrian economics is beginning to be taken seriously by mainstream economists.This is very exciting because the field has been marginalized for a long time, it is good to see it finally getting some recognition. The other interesting piece of news was a recent Wall Street Journal article about Peter J. Boettke, a professor at George Mason University who is emerging as the "intellectual standard-bearer" for Austrian Economics. That makes two prestigious organizations that are giving credit to the Austrian movement in the same week, wild stuff!
My interest in economics has caused me to follow the current financial crisis closely. This video I would like to share is about 45 minutes in total length and gives a good breakdown of what happened. I have a personal connection to this video in a couple of ways. it features interviews with Peter Schiff of Euro-Pacific Capital and Megan McArdle of The Atlantic. Peter just lost his dark horse bid in the Republican Primary for the upcoming Connecticut Senate race. I almost got involved on his campaign, but I came out here for school just as it was ramping up. This summer I heard Megan give an awesome lecture about blogging and the future of journalism at the Journalism & Free Society seminar in Philadelphia this past summer.
OVERDOSE - An ABC - Four Corners documentary about the coming economic crisis, featuring Gerald Celente and Peter Schiff. Original air date: 23rd August, 2010.