A Note on Money Neutrality

Although Pascal Salin’s desire to build bridges between the Austrian School and the Chigago School, as well as his efforts to smooth out the differences between schools of monetary thought, is admirable, it is difficult to see the need or the urgency to integrate the Austrian approach with other approaches. Salin has not yet made a convincing case that the Austrian approach to monetary issues is lacking, and indeed, there are several reasons why such reconciliation between the two traditions is impossible.