Hayek Order

Monday, July 12, 2010

Enough of Keynes



“We have been going back and forth for a century. Keynes: I want to steer markets.
Hayek: I want them set free.
There is a boom-and-bust cycle and good reason to fear it.
Hayek: Blame low interest rates.
Keynes: No it’s animal spirits.”
Chandra at 9:07 AM

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