and monetary theory are now back in print.
If the current generation of monetary economists had been familiar with Hayek's work, and followed it's precepts, the current financial crisis simply would not have occurred. The banking crisis and housing bubble were only made possible by the ignorance of the economists.
And you can quote me on that.
If the current generation of monetary economists had been familiar with Hayek's work, and followed it's precepts, the current financial crisis simply would not have occurred. The banking crisis and housing bubble were only made possible by the ignorance of the economists.
And you can quote me on that.