macro: Friedrich Hayek vs Milton Friedman

Roger Garrison has an excellent little article out comparing the monetary economics of Friedrich Hayek and Milton Friedman — “Hayek and Friedman:  Head to Head” (pdf).

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One Response to macro: Friedrich Hayek vs Milton Friedman

  1. fundamentalist says:

    Very interesting! Thanks for posting it. It seems that the really great Keynesians come very close to the truth, but their prejudices keep them from closing the deal. It reminds me of the parable of the sower and the seed in the New Testament. Many Keynesians are the seed scattered on stony ground. They spring up, but lacking depth of soil fade quickly and bear no fruit.

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