Quarterly Journal of Austrian Economics
Author:
William L. Anderson
Online Publish Date:
and will fall into the Keynesian “liquidity trap” unless rescued by government policies, others condemn capitalism for promoting what they allege to be inequality. driven by accumulation of capital to invest in applying scientific progress and innovation to production,” and in a free market, the process builds upon itself. Over help markets “self-correct.” Kolhatkar writes: Eventually, euphemisms like fiscal policy , monetary policy , and quantitative easing became folklore in peer-reviewed