BS on Hayekian Macro from Krugman & Cowen — A Linkfest

Paul Krugman and Tyler Cowen spew ink in the water on Hayekian macro — and an army of blogosphere Davids swoop in to decontaminate.

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There is, strictly speaking, no such thing as a cost-push inflation: all inflation is caused by excessive demand. — F. A. Hayek

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