Category Archives: Monetary Theory
by Hansjörg Klausinger. From the Abstract: This note points to the problems arising from the translations of Hayek’s early German-language writings on monetary theory before 1931. Two issues are emphasised. First, some examples of misleading translations of outdated terminology are … Continue reading
The Atlas Foundation is sponsoring a “Sound Money” essay contest. Entries are due in November. Top prize is $5,000.
Can someone direct me to a good Hayekian explanation of the inverted yield curve phenomena: Click to enlarge. ht Mish.
In his recent Hayek vs Keynes article, when Mario Rizzo says, “Hayek probably should have emphasized more that his theory implied the need to avoid a “secondary deflation” during the bust period. Increases in the demand to hold money should … Continue reading
Leftist are being dishonest in their attacks on the legacy of Milton Friedman, but Stephen Moore just has the facts wrong when it comes to Milton Friedman and Federal Reserve monetary policy. Friedman as late as July, 2006 had little … Continue reading