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Tag Archives: krugman
The Hangover Theory
I could write a whole essay about the dirty tricks Paul Krugman employs in this Slate magazine article from 1998. Instead, I will focus on just one (okay, maybe a few more than one…).
Krugman insists that the Austrian theory of the business cycle is a pure misunderstanding of all the Keynesian and post-Keynesian economic “developments”. [...]
Posted in Banking & Finance, Government Spending, Unintended Consequences Also tagged austrian theory, discourse, recession Leave a comment
Anthony Gregory on the Fed
Anthony Gregory, Berkeley alum and the editor of Campaign for Liberty, spoke this past Wednesday to campus libertarian club Students For Liberty. The title of his talk was “Monopoly Money: Business Cycles and the Federal Reserve.” Gregory explained how the Austrian business cycle, F.A. Hayek’s Nobel winning formulation, relates to the current financial crisis.
The story goes [...]
Posted in Berkeley, Government Spending, Unintended Consequences Also tagged anthony gregory, austrian business cycle, bubble, federal reserve, hayek, housing, sfl Leave a comment
Bureaucracies Just Need a Little Love