A reader writes:

I am currently taking an Economics 101 class in college. My professor is clearly a Keynesian economist (and worked for the Fed). I have done my best to read about Austrian Economics and I know enough to realize that he has it all wrong. It makes me feel uncomfortable that the entire class is being indoctrinated, so I sometimes raise my hand and ask a subtle, provoking question. We are currently learning about the Fed and its powers, and we just got started on Open Market Operations. Forget that I’m slightly confused about the topic, do you have any ammunition for me to ask him about it during class? While you’re on that, do you have any general issues for me to raise during class?

Before I share the answer I gave him, I’ll point out that once in a while I gently corrected my professors. At Columbia, after listening to a professor recite several explanations for the Great Depression without (of course) mentioning the Austrian one, I had to raise my hand and rectify the oversight.

But here’s what I told this reader: