Peter Schiff is fine if approached from a perspective of understanding theoretical ways of thought.

But just don't listen to his actual investment advice seriously, its chock full of bad advice, and he teeters too far towards using conspiracy to back investment reasoning.

False. Peter Schiff sells investing in gold. He's one a handful of people on the face of the earth who successfully predicted the 2007 economy crash. His father died in prison for not paying taxes. He knows his shit. His product is gold investment, so just remember that when listening to him and you will be fine.

The only problem I have with the Austrian way of thought is that its tied up too deep into the theoretical and is impossible to implement in the real world.

False. Many concepts in Austrian Economics have been absorbed into mainstream economics. Austrian Economics has a foundation of Praxeology, which is using logic and reason to determine subjective needs, wants, and desires of actors in a market. Most of your day-to-day actions in life are purely Austrian Economics in practice and ideology. For example, when you desire something and you buy it, you suddenly value the thing you want to buy more than the money in your hand, so you engage in a transaction.

Which is why Milton Friedman is far more influential because it can be applied to make societies freer. But even Friedman economics, in its most extreme forms, requires full cooperation, either through acceptance of majority in the society willingly or coercion as seen in Pinochet's Chile, they had to massacre and repress a ton of people on their way to building a freer economy (and today Chile is absolutely reaping the benefits).

This is the most ignorant statement I've read all day. The Pinochet regime hired the Chicago Boys as advisors and consultants to the regime in designing and implementing economic policy. Pinochet had to physically remove the communists (who would exterminate the capitalists for trying anything) in order to rebuild Chile into a functioning economy. The biggest myth you'll ever hear is that Pinochet killed 3,000 people. This is 100% false and completely unsubstantiated. Communists are not people.

The Austrian way of thought is even more dependent on an "all-in" approach due to its need to scrap central banks, which is basically asking a politician to ruin his career and reputation. Its political suicide, and would never happen.

Baking food requires an all-in approach. It requires the use of an oven instead of a microwave. It would be chef suicide to not use a microwave. Which is why it would never work. <--This sentence carries that same rationale and logic of the one you just gave above so don't judge me.

Just saying, I think in a theoretical world, the Hayekian way of thought is the ideal we should strive for, but in its essence, its a fantasy. Keynesian thought is too profound...

The "Hayekian world" has empirically proven to yield the best results, the socialist or keynesian systems have always resulted in disaster. There's nothing theoretical about this. Austrian Economics is empirically proven time and time again.

Milton Friedman is a great economist and his books Capitalism and Freedom and Free to Choose are excellent works, accessible for the laymen. Milton's downfall is that he was willing to play within the system, within the confines of central banking cartel, which empirically speaking, can never work. Logical economics does not function within the confines of a system utilizing a central banking cartel. The reason for this is that central banks are socialist systems and socialism does not work because of the economic calculation problem.