Hayek interestingly favored most of the policy views of the Chicago School but considered its methodology quite flawed. He thought its preoccupation with macroeconomic aggregates ironically put it on the same theoretical basis as Keynesianism. One might say Friedman returned the compliment, praising Hayek as more a political philosopher than an economist. Though the Austrian School’s eccentricities sometimes puzzle me, I think I’d side with Hayek in this instance.