QE2 & THE EUROPEAN CRISIS — WHAT WOULD HAYEK DO?

David Beckworth gives some reason to believe that Hayek would have supported QE2. And Scott Summers make the case for believing Hayek would have supported monetary easing in Europe.

“THE TRIUMPH OF HAYEK”

Ruchir Sharma on the public turn against the Fed. Quotable:

monetary activism suffers from the same fundamental flaw as Keynesianism, in that it protects inefficient players instead of injecting renewed vigor into the economy. In a telling statement of the Fed’s thinking, New York Fed member Brian Slack recently said that, with luck, quantitative easing . . . → Read More: “THE TRIUMPH OF HAYEK”

Brad DeLong is lying about Hayek again

This act is getting old, and ever more pathetic.

WITH THE ACADEMIC EQUIVALENT OF A GHOST WRITER

Paul Krugman attempts to play in the big leagues. Quotable:

There is a lot of relevant work that Eggertsson and Krugman are unaware of, or are ignoring. Bruce Smith spent his career working on models of credit market frictions in monetary frameworks. I [Stephen Williamson] have work closely related to Bernanke-Gertler, and predating it (including . . . → Read More: WITH THE ACADEMIC EQUIVALENT OF A GHOST WRITER

STAT OF THE DAY

15% of postal carriers in the U.S. have a college degree.

BLACKBALLED BY GOOGLE

It looks like Google has blackballed me again — and once again it I can only assume they are doing so for writing posts about Obama’s Marxist background. Google Search almost immediately delisted my “PrestoPundit” website from its search engine when I posted on Obama and the inspiration he derived from his socialist father. And . . . → Read More: BLACKBALLED BY GOOGLE

FED = FAIL

100 years of the Federal Reserve — an assessment (pdf).

THE HAYEKIAN CASE FOR QE2

A dialogue by Scott Sumner:

QUANTITATIVE EASING — ANOTHER EXPLANATION

THE HAYEK RULE — A NEW MONETARY FRAMEWORK

“The Hayek Rule: A New Monetary Policy Framework for the 21st Century”, (pdf) by Marius Gustavson and Anthony Randazzo Nov. 9, 2010.  Quotable:

“We propose a new policy framework for monetary policy, one that looks at monetary aggregates and factors in the connections between monetary policy and asset prices. Our proposed “Hayek rule” is a . . . → Read More: THE HAYEK RULE — A NEW MONETARY FRAMEWORK

I’M GOING TO TAKE A BLOGGING BREAK

I’ll be back in a few weeks.

SAVING HAYEK

A reply to Karl Smith.

Follow FriedrichHayek on Twitter

Random Quote

I believe we can now demonstrate that socialism is altogether based on an intellectual failure to comprehend the conditions under which we are able to produce enough to satisfy our expectations. — F. A. Hayek

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