WHAT WOULD HAYEK SAY?
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.