Publication
Author:
Larry J. Sechrest
Online Publish Date:
vs. free banking, one that combines Hayek, Selgin, and Garrison to show that a competitive system would be self correcting where a centralized one is not. He goes Austrian position from the monetarist one. Sechrest’s attack on countercyclical policy is especially poignant today. He argues that even the most well-executed plan has no hope for success. Such policies fail because they are swimming against a market tide, and, moreover,