Mike Norman Economics

An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.

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Showing posts with label liquidationism. Show all posts

Showing posts with label liquidationism. Show all posts

Saturday, July 23, 2016

Lord Keynes — Yes, Virginia, Hayek was a Liquidationist in 1932

Hayek quotes setting the record straight, both on his original position and then changing his mind. Social Democracy For The 21St Century:...

Friday, August 15, 2014

Lord Keynes — Liquidationism and early 1930s Germany: Not a Good Mix!

Eye-opener. It was not the Weimar hyperinflation that brought Hitler and the Nazis to power but deflationary depression. By 1928, during...

Sunday, July 20, 2014

Lord Keynes — A Candid Admission from Hayek?

Hayek therefore seems to have conceded the need for monetarist or Keynesian interventions to prevent deflationary depressions: he renounce...

Friday, May 25, 2012

"Lord Keynes" — Austrians Can’t Get their Story Straight on the Effects of Austerity

Here is something I have noticed of late in the ongoing debates on austerity: some Austrians argue that fiscal contraction can directly lea...

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