After recently studying an MBA, I have become more and more interested in the subject of economics. I enjoyed the simplicity of the basic concepts, its logic and that it just 'made sense'. At the same time I also began listening to some of the alternative viewpoints over the banking crisis from people like Robert Higgs of the Independent Institute.
I have a very basic understanding but for me, the teachings of Austrian Economics are clear and explain a lot of the problems we are now experiencing in the west. However, it seems completely at odds with mainstream economics, governmental policy and popular opinion which seems to support the idea that government should spend more to stimulate the economy.
Is it just me that thinks this is crazy, or is there something I am missing?