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.

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[Economists] often forget that the data [which are assumed as 'givens' in their mathematical equations] are purely fictitious, are not available to any single mind, and therefore do not really lead to an explanation of the process we observe. — F. A. Hayek

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