Category Archives: Monetary Theory

lit: “Hayek Translated: Some Words of Caution”

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 First, some examples of misleading translations of outdated terminology are … Continue reading

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prize money: “Sound Money” Essay Contest

The Atlas Foundation is sponsoring a “Sound Money” essay contest.  Entries are due in November.  Top prize is $5,000.

Posted in Monetary Theory | 1 Comment

inquiry: Yield Curve Inversion

Can someone direct me to a good Hayekian explanation of the inverted yield curve phenomena: Click to enlarge. ht Mish.

Posted in Macroeconomics, Monetary Theory | 2 Comments

macro: Why Does Hayek Advocate Explanding Money to Avoid a “Secondary Depression”

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

Posted in Macroeconomics, Monetary Theory | 2 Comments

friedman: Stephen Moore Has the Facts Wrong

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

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quote: Hayek on the “Price Stabilizers”

A priceless — and timeless — quotation from Friedrich Hayek: It is a curious fact that the general disinclination to explain the past boom by monetary factors has been quickly replaced by an even greater readiness to hold the present … Continue reading

Posted in Monetary Theory, Price Stability | 1 Comment