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If the Austrians were right, the USD would have collapsed due to Pandemic money printing. I was one of the people who didn't have a degree in economics and was sure the Austrians were right. I was wrong and made a lot of investments that failed spectacularly.
Austrians are economists who 100% know the correct model. And it doesn't matter what stupid reality does.
It might not have fully collapsed (yet), but I think all the money printing had a lot to do with the subsequent relative price boom of various assets. For instance if you had bought gold and waited a few years it would have worked out pretty well. Inflation relative to stores of wealth has been a lot higher than inflation relative to consumer goods.
Been hearing that for 20 years since the GFC
Hint: if your economic theory makes a prediction but has no time horizon, then it has NO PREDICTIVE POWER
Edit: retroactive price predictions, be they in gold bitcoin or beanie babies, also is spectacularly unimpressive for an economic theory
To clarify, I'm not saying that this proves correctness of a particular economic theory, more that your (probably?) implied claim that pandemic money printing didn't have a big negative impact on the value of the dollar is very much not self-evident given how things went.