Category: Austrian Economics


Keynes vs Hayek: The Rap Video Round 2

Here is the sequel to yesterday’s post: “Fight of the Century” For the background to this post, check out yesterday’s “Keynes vs Hayek: The Rap Video“. Here’s the trouble: one part of Keynes’ argument in favour of government spending is that, in the long run, we’re all dead. He said that in the 1930s. Keynes […]

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Keynes vs Hayek: The Rap Video

Here it is: “Fear the Boom and Bust” I’m not entirely sure how I came across this video – it seems like the kind of thing that a group of high-end LSE students would make in their spare time, to express their Hayekian frustration in a Keynesian world. But because the Hayek-Keynes debate has been […]

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Bitcoin: the Art of Free Market Currency

Link:¬†Dear Austrians – thoughts? Bitcoin looks to me like a free market currency. Some background: most Austrian economists agree that the Reserve Banks and the banking system (and government intervention) are responsible for all the world’s financial evils. Or, at least, for making them far worse than what they need to be. One of their […]

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Link: it’s like the American Version of a British sitcom, except less funny. In a month of grand measures, Ben Bernanke came out of the monetary closet and announced a string of homeownersexually-stimulating parties by buying up $40 billion of MBS a month. The key points: Open-ended Purchases Of $40 billion worth of mortgage securities […]

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Daily News Roundup 2012: Wednesday 29 August

Good morning An observation: if you would like to receive posts via email, please sign up at the top of the sidebar on the Home page. The headlines (and it’s a Republican-themed day): Mitt Romney gets nominated. Link: and Ron Paul gets cheered. Well this isn’t really a surprise – but I suppose it’s all […]

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Daily News Roundup 2012: Tuesday 8 May

Good morning The headlines: Consumer credit in the US is growing. Consumer credit “surged” in March: its largest monthly movement in a decade. The increase came mostly from new car and student loans (but the indicator released by the Fed doesn’t track home mortgages – so where else is the increase going to come from?). […]

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Daily News Roundup 2012: Tuesday 20 March

Good morning The headlines: Today is the day after March 19th: the ISDA of March (four days after the ides of March – historians, take note). The credit-default swap option auction took place. Dealers agreed to a final value for Greek Bonds of 21.5% of face value at auction. This means that the CDS sellers […]

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