Are Communists Austrian? Or is it the other way around?

On Tuesday the PBOC reassured the markets about providing liquidity. Stock markets worldwide made a strong comeback from yesterday´s rout. What´s interesting is that, prior to the official announcement, the People’s Daily, official newspaper of the Communist party, called on the authorities to continue an unyielding stance:

“The central bank is not a wet nurse to the stock market. If it saves the stock market, it will in fact be harming it,” the paper wrote.

You can´t get more Austrian than that!

3 thoughts on “Are Communists Austrian? Or is it the other way around?

  1. Think its the other way around – rothbardians often think they are smarter than millions of investors (and everyone else for that matter), that is very communist in my book.

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