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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Posed as a question whether a given aim can be achieved at all [the debate over the moral claims of socialism also] involves the question whether the values and moral and ethical principles which guide us are reconcilable with each other [and] these are eminently scientific questions. — F. A. Hayek

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