Quarterly Journal of Austrian Economics
Author:
Eric C. Graf
Online Publish Date:
Volume 17, No. 4 (Winter 2014) KEYWORDS: monetary policy, Mariana, Jefferson, Cervantes, Don Quixote, Austrian School, School of in 1609, which is a brilliantly articulated condemnation of the inflationary policies of King Philip III and his advisor the Duke of Lerma, and for which Mariana instead unwind distortions that were built up over more than a decade, restore its competitiveness, and reallocate resources to manufacturing and other growing tradable