A school of economics advocating free markets. It was founded by Austrians who were called Austrians as a pejorative by Germans, who considered themselves more civilized because of their modern, socialist state (via Bismark). Later, the Austrian economists left Austria, some not before the civilized Germans took over Austria (via Hitler). They came to America, and were still called Austrians, Probably because of their funny mustaches and names.

Austrian Economists include Mises, Hayek, and Rothbard. Say those with a straight face.

Not to be confused with Chicago School economists Knight, Friedman, and Sowell. These names are more sober.

Arch enemies inside academia and out include Keynesians, politicians, and corporatists. Doing the right thing tends to put these people out of a job.

The economic theory warrants the end of the Fed and a return to sound money. A general lack of government intervention, which would allow individuals to make their own choices and organize from the bottom-up. Austrian Econ entails everything the motivational speakers at your high school say (individualism, making choices for yourself, making sure to choose good friends), but applied everywhere. How could both groups be wrong?
"Krugman has a bad case of apoplithorismosphobia."

"Well Bernanke is the one who won't stop debasing the dollar."

"If only they understood Austrian Economics. Then they would appreciate time preference and the history of failure for all fiat currencies."
by CAPSLOCKE November 20, 2013
Get the Austrian Economics mug.
When you fart in someone's mouth while they give you a rim job.
Carol was licking Jon's ass last night. They were having fun, until Jon gave her an Austrian Grenade. She was pissed and stopped licking his ass.
by T-Bag Tyler August 6, 2007
Get the Austrian Grenade mug.
A sexual scenario in which a an individual will take hold of his partners clitoris and twist it violently in a typical ignition movement, the woman will then respond with a hearty moan similar to a scooter engine starting, the same action can be performed in reverse with the action been done on the mans genitals.
Dude, gave my girl an Austrian Scooter last night.
off the hook man, she enjoy it?
Yeah man, she purred like a 250.
by horny dickcunt January 9, 2011
Get the Austrian Scooter mug.
A phrase used to lure unsuspecting victims to a place in order to beat them over the head with a wiffle ball bat
Hey would you like some Austrian cake? I have some back home.
by Whenyouknowthehood October 10, 2016
Get the Austrian Cake mug.
When your wife and your mistress have your children within a month of each other.
Schwarzenegger fathered children by Maria and his hosuekeeper within weeks of each other. They're Austrian twins.
by Kermit the toad June 2, 2011
Get the Austrian Twins mug.
When someone is giving you a handjob, and begins spinning your dick like a helicopter's rotor, at which point you scream "Get to the chopper now" at them in your best Arnold Schwarzenegger voice.
"Yo Brittany was stroking me off last week and it turned into an Austrian handjob. She said my accent needed work"
by CaillouSwagDick January 15, 2016
Get the austrian handjob mug.