Translating Austrian into English

In his latest Ideas Matter update, Max Borders praises Peter Schiff’s recent congressional testimony as a good example of the proper way to share Austrian economic insights.

What’s so interesting about Schiff is not just that his credibility is enhanced by his uncanny ability to predict economic problems. It’s also that he uses plain-spoken version Austrian economics to make the predictions.

The bubbles that invariably crop up tomorrow are a result of the policies of today. And he lays it right out for the layman.

So what we can learn from Schiff’s testimony here is not just an economics lesson. We can learn from his style. He keeps it simple. He uses metaphors. He resists the temptation to make it wonky. And that makes him really effective.

Mitch Kokai / Senior Political Analyst

Mitch Kokai is senior political analyst for the John Locke Foundation. He joined JLF in December 2005 as director of communications. That followed more than four years as chie...

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