Category Archives: Boom & Bust

GRAPH OF THE DAY

Robert Murphy explains the graph and argues for Hayekian macro and against Scott Sumner here.

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Lawrence White on Hayek’s macroeconomics

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How pseudo-science wrecked Wall Street — Nassim Taleb’s testimony before the House of Representatives

The pseudo-science of “measured risk” — Nassim Taleb’s testimony before the House Committee on Science and Technology, Sept. 9, 2009. As I’ve said before.  Blame the economists.

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Rajan destroys Krugman

Here. Yes, Virginia, the central banks and housing policy did have something to do with the Bush/Obama depression. One wonders what kind of wing nut could have believed otherwise.   Oh. UPDATE:  Peter Boettke:  “Krugman is not a political economist, he … Continue reading

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Why the boom & bust creates unemployment

Jerry O’Driscoll explains how a competent understanding of the phenomena requires Hayekian thinking.

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Dr. Hayek, Dr. Keynes

And the Fat Man. A parable for our times.

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