To the extent that Austrians make predictions that sound falsifiable, they tend to be like Paul Krugman (who is not an Austrian), repeating a mantra "bad times are coming, bad times are coming" every year. Then, when bad times come they can say, "See, I told you so." It would be more interesting if every once in a while they predicted good times.From my studies, I have learned that it is easy to predict occurrences when we have information. Heck, anyone can do that; if poker players knew what each other had in their hand there would be no game. In football, if the opposing team knew something about their opponents offense they have a better chance of stopping them. The Austrians are no different. They continuously call out the bad times when there is government interference. Government intervention allows for more information which with common sense can be applied to predict the outcome.
What was preached by Hayek and now by Austrians such as Easterly? There is no way to predict the future. There is too much information within the market for any individual or group of individuals to be able to make any comprehension of it. Therefore there is no plan on how to predict a good time or a bad time, but when the government intervenes... information is given that allows for a prediction. That Austrians predict only bad times therefore tells us one thing, any government interference is viewed as the cause of a bad time.