“I can date my own personal ‘revolution’ rather exactly to May or June 1933. It was like this. It began .. with Hayek." — John Hicks
The Economists takes a look.
A basic understanding of the price mechanism exposes the pseudo-science of Keynesian economics:
It was John Maynard Keynes .. who ultimately succeeded in rehabilitating a view long the preserve of cranks .. He had attempted by a succession of new theories to justify the same, superficially persuasive, intuitive belief that had been held by many . . . → Read More: Keynesian fail – manipulating “aggregate demand” does not equalibrate the supply and demand for inputs
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Totalitarian propaganda are destructive of all morals because they undermine the foundations of all morals: the sense of and respect for truth. — F. A. Hayek
Totalitarian propaganda are destructive of all morals because they undermine the foundations of all morals: the sense of and respect for truth.
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