Quarterly Journal of Austrian Economics
Austrian Monetary Policy Views: A Short Critique
Volume 6, No. 4 (Winter 2003)
In my opinion there is a reason why Austrian monetary policy views are largely not shared by the mainstream. It is not due to a grand conspiracy against Austrian scholars but due to their monocausal,often ideological-driven economic reasoning. In this context I want to follow Laidler (2003, p. 13): “This is not the place to embark on a detailed critique of the Austrian cycle theory. Suffice it to suggest that its exponents took logical possibilities . . . and treated them as logical necessities.” Be that as it may—one thing is for sure: possibly, no single currency regime is best for all countries and for all times (Bordo 2003, p. 33) as Austrians want us to believe.
Cite This Article
Zimmermann, Guido. "Austrian Monetary Policy Views: A Short Critique." The Quarterly Journal of Austrian Economics. 6, No. 4 (Winter 2003): 77–80.