I was wondering what events in world (economic) history Austrians tend to see as confirming their ideas the most, i.e. how the 'canon' of Austrianism views history.
A couple of obvious ones are:
- the fall of socialism
- the Great Depression
- the current financial crisis
- stagflation in the 70s
- the rise in the gold price after the last connection with gold was cut off in the 1970s
And what would Austrians see as their greatest failures?
- that socialism took so long to fall (but Polanyi, Rothbard, hayek, Reisman and others showed how e.g. the Soviet Union was not wholly socialist, how prices from abroad, the black market, and a regulation-saturated rather than downright socialism economy)
additions would be highly appreciated