That's the best article on the subject I've seen so far. This is a pretty good read too: http://mises.org/story/3127.
Great find Dawg80. It is the best I've seen also
One of my best friends is a banker in Bossier and a Tech grad/fan. He can break down this entire economic situation in the most comprehensive and yet easy to understand way. Do you know what's really scary? I have several friends that are studying ECON or already have in college (not at Tech) that actually are being taught that the type of policy that Geithner believes in, is the way economics works? They're being indoctrinated in economics even, and I can't argue them out of it! My friend in Bossier affirmed that, so it explains why so many morons support this policy of wild credit. The two mis-educated people I've talked to recently are from LSU and University of South Carolina. They need to transfer to Tech immediately!
The policies being implemented today are Keynesian (Gov't intervention needed to correct the business cycle). I have an econ degree from Tech and all my professors seemed to favor the Austrian viewpoint, which essentially states that a laissez-faire approach is ideal.
I do not think the Tech professors show any type of favor towards any economic theory. They teach them all and let the students make up their own opinion as they should. Don't bad mouth our professors. If it is so bad for one school to promote one type of theory, then why is it good if another promotes another type? I swear that newbies reading this forum get the wrong idea about our university from reading the crap some of you put on here. You'd think that our university was some backwards stuck in the 60's university that no reasonable person would want to attend. I know better and you guys know better. So stop making our university look stupid!
He's claiming our professors show bias when they do not. They merely teach economics. Saying that they show favor towards a particular theory is a flat out lie. I'm sure they are biased but they definitely don't show it. That is all that I'm saying, which is not what he's saying.
Keynesians are idiots. I am glad our professors do not favor this ridiculous notion.
Jordan Mills on choosing Tech:
“It’s a great experience seeing them play. It was a good atmosphere. The fans stood up the whole game and never sat down. They have a great fan base.”
Wow, you blew that out of proportion. Tech professors do teach all theory's and they don't force anything on anyone. They do show obvious favoritism towards free market principles and dislike for the Fed; both are inherently Austrian. There is one professor who is very obvious about showing his favoritism, and he's one of the best professors I've had at Tech.
I've also had English professors make us read some "feminist literature" that was complete crap. Is this news that some professors show bias?
Tech teaches you how to accomplish things - not rely on the government.
Jordan Mills on choosing Tech:
“It’s a great experience seeing them play. It was a good atmosphere. The fans stood up the whole game and never sat down. They have a great fan base.”
Anyway, all I remember from my college days is smoking pot, drinking daily, getting laid several times a week, and riding my motorcycle to campus. Oh, and listening to my LP records.
"All roads lead to Putin" -- Thomas Jefferson