Profiles

Key methodological differences between Austrians were highlighted in Milton Friedman's "The Methodology of Positive Economics." A key piece of conflict: Friedman's focus on prediction rather than explanation.

As more people get censored or removed from the platform, more prominent voices seek out alternatives that are in the more early stages and don’t censor as heavily. Fragmentation starts to make the service less useful and interesting rather than being a source of affirmation and good feelings.

With a sound money, none of these distortions would have been possible: the limitations of the currency itself would have forced an unwinding of excessive risk far before it could become a clash between major hedge funds and Reddit trolls.