Randian philosophy summed up in a sentence.

[NashvilleLefty]

5. "They don't justify, or examine it". That sums up

the Austrian School of Economics. Their main argument is that economics is "too complicated" to build a working model. Sort of like Chaos Theory which I believe came from meteorology and yet they have pretty good predictive models for weather forecasting. Instead they believe you have to rationalize economics. That's why I like to call it "Trust Me Economics". Of course, they were all a bunch of silver spoon "thinkers" so they "rationalized" a system to justify their family's riches and improving it.

So, we have tried their theories 3 times and each time they led to Recession. Whereas Keynesian Economics has worked almost every time, and when it didn't work as expected we tweaked it and made it work.