The Members of the NYU Colloquium on Market Institutions
gather for a photo before we discuss a new paper on Neo-Keynesian stimulus theory.
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Fiat Currency
it turns out, preceded commodity currency! Well, there goes The Theory of Money and Credit out the window*. (Hat tip to Jim Henley. [Jim, let's see how many layers deep we can drive this cross-linkfest!])
* -- I hope it is obvious that I am being facetious -- there is valuable information left in that book that is not overturned by these findings. But clearly, the regression theorem is kaput. That is simply not what happened. It turns out a priorism is not a good way to do history!
* -- I hope it is obvious that I am being facetious -- there is valuable information left in that book that is not overturned by these findings. But clearly, the regression theorem is kaput. That is simply not what happened. It turns out a priorism is not a good way to do history!
Central Planning Works!
Declares LewRockwell.com:
"All of this means that while the government has been artificially propping up the economy and 'stimulating' it through artificial means, peoples’ perceptions of economic life have been transformed into that which was intended by the central planners: the economic crush is over, our government cured all the problems, things are great again, go back to your old ways. Rinse and repeat."
"All of this means that while the government has been artificially propping up the economy and 'stimulating' it through artificial means, peoples’ perceptions of economic life have been transformed into that which was intended by the central planners: the economic crush is over, our government cured all the problems, things are great again, go back to your old ways. Rinse and repeat."
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