Let's not nitpick: the differences between "libertarianism" (which the author uses as a synonym for Austrian "economics") and "conservatism" are of little consequence here.
"(...) And by the way, I'm not a libertarian, I'm primarily a conservative with a few modest libertarian leanings on a few specific topics." (22 Jul 2011 8:17:09am)
What does it mean, then, to be a "conservative"?
Dictionary.com offers the following definition:
"1. disposed to preserve existing conditions, institutions, etc., or to restore traditional ones, and to limit change.
"4. (often initial capital letter) of or pertaining to the Conservative party."In other words: a conservative is someone who dislikes or fears change; things must be done the way they are done now, or the way they were done in the "good old times".
In a world in crisis, we should remember this quote:
"The definition of insanity is doing the same thing over and over again and expecting different results." Attributed to Albert Einstein.