Many economists seem to think that the Austrian Theory of the Business Cycle is an explanatory projected circumscribed by its dependence on the identification of lose money created by a central bank as the necessary explanans for the boom and bust cycle. But this is not Hayek’s view.
President-elect Obama has announced that Paul Volker will head a new Economic Recovery Advisory Board that will propose interventionist policies to bring about economic recovery.
In the New York Review of Books, Paul Krugman calls for a “good old Keynesian stimulus.” He say
In “PRO-IP, Rights, and the Roots of Copyright Opposition” in the Randian “Capitalism” magazine
It’s that time of year here in Ohio: time to make a list and check it twice. Christmas gift list? Not in this instance.
The state takes over and corrupts many institutions and aspects of life--roads, communications, law and justice, healthcare, money, defense, police
In his November 17, 2008, ML report, David Rosenberg writes:
"the U.S. government has put itself on the hook for some $5 trillion, so far, in an attempt to arrest a collapse of the financial system."
The Economist connects regulation with (the opportunity) to discriminate in hiring and compensation through the reduction in competition that inevitably attends regulation even where reduction of competition is not the hidden purpose of the regulation.
