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).

See this interesting article in Newsweek.

A Return to Economist Friedrich Hayek's Ideas - Newsweek


1 comment:

Troy Camplin said...

I believe it was Winston Churchill who said that the Americans can always be counted on to do the right thing -- once they have exhausted all other avenues.