Who Were the Sea Peoples?

And in the same post noted just below, Kuehn puts his finger right on the crucial difference between Hayek and Keynes: For Keynes but not for Hayek, "those expectations of future profits are compared to an interest rate that is determined by liquidity preference and not the supply and demand of loanable funds." Just so! And they were both partially correct: the interest rate is influenced by both of these factors. So here is where we must get empirical: To the extent that the interest rate is determined by liquidity preference, to that extent Keynes was correct. To the extent the interest rate is determined by the supply and demand for loanable funds, Hayek was correct. As Olivia Newton-John would have put it: I've been patient, I've been good Tried to keep my data off the table It's gettin' hard this holdin' back If you know what I mean I'm sure you'll understand my point of view We know the scene theoretically You gotta know t...