Mises Wire
Author:
Jörg Guido Hülsmann
Online Publish Date:
[Editor’s Note: this article is adapted from a 2003 essay in the Quarterly Journal of Austrian Economics entitled “ New Keynesian Monetary Views: A Comment .” As economists abandon theory in favor of makeshift plans to flood the economy with stimulus, Hülsmann here provides some helpful reminders of the fundamental problems behind the current