I always seem to be in the minority, on the outside, swimming against the current.
Monday, November 29, 2010
After Keynes: Rediscovering Hayek.
About two years ago in my blog I predicted that sooner or later the pendulum would swing back against the Keynesian resurgence as disillusionment with its policy failures mounted up. This is now happening - in Europe and elsewhere. The one glaring exception is the Board of Governors of the Federal Reserve System of the United States (aka. Ben Bernanke).