Posted by PrestoPundit on 09/26/2008

Well, part of what he’d say is this.  But don’t be misled, Hayek would say a whole lot of other things as well.  And Hayek wasn’t a fan of (non-benign) deflation, and he certainly saw a role for the central bank in stopping a liquidity crisis.  So, once again, don’t be misled.  Instead?  Why not read some Hayek or the next best thing, Roger Garrison on Hayek and the boom and bust cycle.


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