macro: Roger Garrison Takes a Sledge Hammer to Brad DeLong’s Latest Trade Cycle “Argument”

That’s my impression, but you be the judge.

macro: Why is Brad DeLong so Dumb?

Roger Garrison is a gentleman and a scholar, and he’s never title a paper like that, instead he’s sought to account for why Brad DeLong is so dumb in a paper titled, “Mainstream Macro in an Austrian Nutshell.”

As a gentleman and a scholar Garrison hides his eyes from a non-trivial part of the story . . . → Read More: macro: Why is Brad DeLong so Dumb?

audio: Roger Garrison on Boom & Bust Theory in the Real World

Roger Garrison presents Hayekian business cycle theory in a FEE podcast from last year (mp3).  Excellent stuff.  Garrison gives his take on the size and scope of the present bust in the last section of his presentation.  This is not to be missed analysis for those wanting to understand what we are looking at with . . . → Read More: audio: Roger Garrison on Boom & Bust Theory in the Real World

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Random Quote

The general fact that booms have always appeared with a great increase of investment, a large part of which proved to be erroneous [is part of the basis for asserting that expectations regarding the future can be systematically mistaken]. — F. A. Hayek

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