DAVID LAIDLER ON MONETARY THEORY & THE CURRENT ECONOMIC BUST

“The Monetary Economy and the Economic Crisis” by David Laidler, with a long section on Friedrich Hayek and Forced Savings.

Laidler is the recognized dean of 20th century monetary economics.

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Socialists has always protested against ‘merely’ formal justice .. they have always objected to a law which had no views on how well off particular people ought to be. — F. A. Hayek

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