The GOP Has ‘formally committed itself to Austrian economics’

It’s great that Austrian economics is now the embodiment of free market economics in the minds of so many people. This comes at a great price, of course, since groups that have virtually no interest at all in actual free-market economics, such as the Republican Party, are nonetheless associated with Austrian economics. In the case of the GOP,  Republicans like to distract the voters with references to Mises and Hayek right before heading over to vote “yes” on the latest multi-trillion dollar war or welfare program.