…By the academic Noah Smith who – very obviously – has never read a chapter of Bohm-Bawerk, Mises, Hayek or Rothbard in his life.

Here’s Noah Smith trolling the Austrian economists on Bloomberg View.

Although I don’t believe Smith’s article is even worthy of a response as it’s so misguided on so many levels, Bob Murphy, Mish Shedlock, Gary North, and Peter Tenebrarum have all done a good job explaining exactly how far off base he is.

Professor Bob Murphy: “Noah Smith Boldly Goes Where Thousands of Austrian Critics Have Gone Before”

Gary North: “Assistant Prof. Noah Smith’s Life on the Welfare Rolls. Will He Get Tenure?”

Mish Shedlock: “Brain Worms – Bloomberg Writer Noah Smith Has Them”

Peter Tenebrarum: “In Defense of Austrian Economics“