Austrian economics is clear and concise. It is elegant in its simplicity. Ebb and flow. Markets clear. When manipulated undue harm is done markets and society.
We aren’t surprised to hear this from Mr. Bannon. We assumed that this was probably about where he was on the economics question. No fan of Austrian economics would call for a massive infrastructure program for instance. (As Bannon has.)
Saying that, Bannon is in many respects a breath of fresh air.