Monthly Archives: May 2009

blogs: Who’s the Most Ignorant “Respectable” Blogger of Them All?

Well, you’ve got to put Matthew Yglesias near the top of any list.  Tom Woods has more evidence supporting a vote for Yglesias. Quotable: Note that although Yglesias himself does not know the first thing about Austrian business cycle theory, … Continue reading

Posted in Anti-Hayek BS | 1 Comment

macro: Why Did the Boom Lead to a Bust?

Anna Schwartz, Eamonn Butler, Kevin Dowd, Philip Booth and others provide a comprehensive survey (pdf), with special focus on the situation in Britain.

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confession: U.S. Treasury Secretary Timothy Geithner – It Was a Hayekian Artificial Boom, i.e. a Money Driven Misdirection of Resources Made the Bust Inevitable

U.S. Treasury Sec. & former NY Fed President Timothy Geithner on the Charlie Rose show: Mr. Geithner: ” .. I would say there were three types of broad errors of policy and policy both here and around the world. One … Continue reading

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macro: The Boom & Bust on a Paper Napkin

Here’s David Gordon’s paper napkin version of the boom and bust cycle, sketched in a piece on the idea of a global reserve currency: What happens when we expand the money supply? As Austrian school economists .. have explained, an … Continue reading

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

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

Posted in Boom & Bust, BS, Roger Garrison | 2 Comments

video: Joaquin Fuster on Hayek, Neurscience & the Brain

World renowned UCLA neuroscientist Joaquin Fuster discusses Friedrich Hayek’s work in global brain theory in a video from 2006 (Spanish). You can read Fuster’s professional credentials and scientific achievements listed here. From Fuster’s 2003 book Cortex and Mind:  Unifying Cognition: … Continue reading

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