Monday, October 27, 2008
I have sometimes received the question of whether Nouriel Roubini should be regarded as an Austrian. I have generally answered to that he is primarily a Keynesian, even though he has some Austrian leanings. And I certainly stand by that assessment. Don't get me wrong here. I find Roubini and his RGE Monitor to be interesting to read, and while he remains more Keynesian than Austrian, he does display Austrian characteristics both in his approach (he skips much of the idiotic mathematical formalism prevalent in non-Austrian economics) and in part of his analysis ( he recognice that Fed monetary policy was too loose during the housing bubble and that this was a key factor behind the bubble). But while he has some Austrian leanings (and is therefore more accurate in his analysis than most economists), he remain mainly Keynesian. Kevin Duffy explain why here.