One of Hayek’s best essays: http://bit.ly/59nkUE (PDF)
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Landsburg on Krugman: http://bit.ly/1gYSqp
De Grauwe on the dollar, devaluation and price stability: http://bit.ly/1lJbkp
Here’s Hayek in The Road to Serfdom: There is no reason why in a society which has reached the general level of wealth which ours has attained the first kind of security [that is, limited security] should not be guaranteed to all without endangering general freedom…. Nor is there any reason why the state should . . . → Read More: Bruce Bartlett’s “Hayek” vs The Real Hayek
Who’s lying about Hayek now? Bruce Bartlett is lying about Hayek: http://bit.ly/2hF5l1
Amity Shlaes — Hayek’s Time Arrives: http://bit.ly/3jv9ww
explaining the housing bubble — the road to better macro http://bit.ly/1ecndV
Paul De Grauwe “Top Down versus Bottom Up Macroeconomics” presented at the What is Wrong with Modern Macroeconomics? conference in Munich, Germany Nov. 6-7: In order to understand the nature of different macroeconomic models it is useful to make a distinction between top-down and bottom-up systems. In its most general definition a top-down system is . . . → Read More: How to Do Macroeconomics: Lucas Models vs. Hayek Models
Credit and leverage are at the heart of Friedrich Hayek’s conception of the boom and bust cycle. In the current crisis leverage and credit are receiving a good bit of attention — and even a few economists are beginning to take notice of their significance. But in Hayek’s work, leverage and credit have always been the very heart of the story. . . . → Read More: Leverage – The Loose Joint Which Makes The Trade Cycle Inevitable
 One comment - (Comments are closed)  Boom & Bust, Monetary Theory, Money & the Trade Cycle  Money & the Trade Cycle Newsman John Stossel explains how he became a more intelligent consumer reporter — and why the leftist legacy media hates him for it. From the article: As a local TV reporter, I could find plenty of crooks. But once I got to the national stage — “20/20″ and “Good Morning America” — it was hard . . . → Read More: John Stossel — One Reporter’s Coming of Age
Hayek identified money and the institutions it gives rise to as the “loose joint” of the economic system. Money and finance are the massive pivot points that allow the coordination system of the market to spend years getting itself twisted all out of joint, producing unsustainable booms that “snap back” in predictable and fully inevitable . . . → Read More: Credit & Leverage – The Fulcrum Of The “Loose Joint” Launching Booms & Busts
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