just snoopin abit, came across this-----------------
"I discovered Austrian economics and LvMI in 1989. Here my impressions of the forecasting record of the Austro-Misesian camp since:
"Late 1980s ? Japan?s property and equity bubbles were classic ABCT, yet Austrians were notably silent. Some of this can be attributed to the small number of Austrians at the time. Joe Salerno gave a speech about the Japan bubble at a LvMI conference in Toronto in 1999 (see here). Unfortunately this was well after the fact.
"Late 1990s, early 2000s ? Austrians were mostly quiet about the tech/dot-com bubble. There were exceptions among academics (Christopher Mayer, George Reisman, Guido Hulsmann, Sean Corrigan) as well as practitioners (Jim Grant, Tony Deden). I remember discussions with David Tice during the early 2000s about how Austrians were missing a golden opportunity to stick their necks out on the forecasting block regarding the tech bubble.
"2002?2007 ? Austrians hit a monster home run with regard to the Greenspan response to the tech bust, the GSEs, housing bubble, credit bubble, and gold. This is when LRC took off, amplifying any credibility by getting it right. Btw, the Fed-lite GMU/Koch/Cato camp largely missed these bubbles, a major forecasting black eye.
"Today ? We have more "Austrian" forecasters than ever. Is China a bubble? The supposedly Austrian-leaning Jim Rogers, Peter Schiff, Jim Puplava, and Adrian Day say "no." Left-leaning Jim Chanos says "yes." I tend to agree with Chanos. So what happens to the credibility of Austrian economics if the China bubble bursts? Will the fault lie in the theory or those applying it?
http://www.campaignforliberty.com/article.php?view=1257