paul kasriel: A Hayekian Defense of Ben Bernanke

By Greg Ransom, on July 30th, 2009%

Paul Kasriel takes on Anna Schwartz, defending Ben Bernanke’s post-bust management of the Federal Reserve:

Ms. Schwartz asserts that Bernanke should not be re-nominated because of his sins of commission as well as his sins of omission. It is not clear to me to what Bernanke sin of commission Ms. Schwartz is referring. She alludes . . . → Read More: paul kasriel: A Hayekian Defense of Ben Bernanke

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Friedrich Hayek was arguably the greatest social scientist of the twentieth century. By the time of his death, his fundamental way of thought had supplanted the system of John Maynard Keynes — his chief intellectual rival of the century — in the battle since the 1930s for the minds of economists and the policies of governments. — Julian Simon
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