Fear the Boom and Bust: Hayek vs. Keynes

Norman — Thu, 28 Jan 2010 16:20:07 +0000

For those of you who haven’t heard, this video has been circulating around libertarian circles like crazy the past week. I particularly like the alcoholism-as-printing-money metaphor used. The production quality is excellent, and if you know a bit of econ you’ll understand all the references to, say, aggregate demand and the paradox of thrift. Ha! Enjoy…

Post from: LibertarianChristians.com

Fear the Boom and Bust: Hayek vs. Keynes

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Tags: business cycle, economics, Hayek, keynesianism, money, video

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Happy 110th Birthday, Friedrich von Hayek

Norman — Fri, 08 May 2009 19:23:41 +0000

If Hayek were still with us, we would be celebrating his 110th birthday today. In his honor, I will be wearing my Hayek “Collectivism is Slavery” t-shirt, and will toast to his splendid intellect and seminal contribution to economics and political thought. Why not today read one of his most important essays and learn about the “knowledge problem” in socialism? It would be quite fitting given the current status of American politics, when pseudo-dictatorship known as the Oval Office thinks it knows how best to run our lives. And just so I am clear to any Obama-leaning visitors, I include Bush in that statement as well. I’m an equal-opportunity president-basher…

Your weekend reading: The Use of Knowledge in Society

Post from: LibertarianChristians.com

Happy 110th Birthday, Friedrich von Hayek

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Tags: economics, Hayek, socialism

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