Post Profile






Hayek on the Creation of Moral Hazard by Central Banks

Some years ago I published a paper on the banking theory and policy views of the important twentieth-century economist Friedrich A. Hayek, entitled “Why Didn’t Hayek Favor Laissez Faire in Banking?”[1] Very recently, working on a new paper on Hayek’s changing views of the gold standard, I discovered an important but previously overlooked passage on banking policy in a 1925 article by Hayek entitled “Monetary Policy in the United States After the Recovery from the Crisis of 1920.
read more

share

Related Posts


European Central Bank Economists Find That Austerity Works

Business & Finance / Economics : Wall Street Journal Economics Blog

A new paper published by European Central Bank economists argues that it is generally a good idea for countries that need to enact budget cuts and slash fiscal outlays to get it done quickly.

Hoisted from the Archives from Eighteen Years ago: Friedrich A. von Hayek

Business & Finance / Economics : Grasping Reality with Both Hands

[Friedrich A. von Hayek](http://web.archive.org/web/20110606111142/http://econ161.berkeley.edu/Economists/hayek.html): Moral Philosophy: Samuel Brittan--who I believe is extremely perceptive and penetrating (although not at all unsy...

Deutsche Bank's chief US economist thinks the economy has a lot of problems and very few solutions

Business & Finance : Business Insider: Money Game

Joe LaVorgna, the chief US economist for Deutsche Bank, had been fairly upbeat on the economy up until a little over a year ago. Then, upon reexamination and revisions to important data, LaVorgna turned downbeat on the economy. We c...

Central Bank Economists: Bad Central Bank Policy Is INCREASING Inequality

Business & Finance : Zero Hedge

While the leaders of the Fed and other central banks claim that their extraordinary monetary policies haven't significantly increased inequality, economists with the world's most prestigious financial agency, the Bank of Internation...

The Bank of England is wrong and inconsistent in its clams that QE creates no inflatiionary pressure

Business & Finance : Telegraph.co.uk Money

The Bank of England's latest Quarterly Bulletin contains an important article entitled "Money creation in the modern economy". Its central purpose is to explode two views it regards as "myths" regarding quantitative easing (QE) – na...

Comments


Copyright © 2016 Regator, LLC