Wednesday, December 1, 2010

"Hayek would have told the ECB to print more money" (amv)

... Sumner says. This is what I insist on since 2009.

BTW, read Newsweek on The Triumphant Return of Hayek. You'll find statements like this: "Hayek hated policy intervention of any kind." That's simply wrong. In the current debate on the optimal policy stance Sumner is right on target with his interpretation of Hayek. Journalists should actually read what they write about.