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Roland Baader has an MSc in Economics, was a student of Hayek, and is a prominent representative of the Austrian School in Germany. Like many "Austrians" in the United States, Baader accurately predicted the financial crisis that started in 2007. His book Geld, Gold und Gottspieler (Money, Gold and Playing God), published in 2005, had the subtitle On the eve of the next world economic crisis.