According to this lovely post, the answer is yes (ht Economist’s View). Choice quote: Does Davidson know what a neoclassical policy is? Does Boettke? Does anyone? I don’t think so, because neoclassical economics, as such, has no policy agenda. But whatever a neoclassical policy might be, Davidson assures us that Hayek is totally against it. […]
Economist’s View has put up the best daily link fest I’ve seen in a while today. The two I’m 100% going back to when I get a chance are the links on inequality (pet interest issue of mine, and all economists) and the nice summary of the actions taken by the Fed over the past […]
Things were looking so good … and then this: Spiegel Online leads with an update to its news story on Monday, according to which the interest rate threshold is likely to be top secret. The story said that a majority of central banks have rejected the idea of transparent interest rate caps. The what … […]
When looking at the European debt crisis, and even before that the Global Financial Crisis, people constantly described the risks as being shown through deflation – if we experienced deflation monetary policy must do “all it can” to turn things around and help to boost the economy. The lack of deflation around the world in […]
It should not be understated how important this would be for the world, and more importantly for New Zealand 😉 The suggestion that there is now a clear consensus for a plan that will essentially make the ECB a lender of last resort for the European financial system will help to knock the “financial crisis” […]
Via Danyl on Twitter (from Dimpost) we have been offered the job of justifying specific incentive schemes for people currently out of employment. The brief went as follows: Whoever comes up with a policy-based excuse for the MSD Minister to shove beneficiaries’ heads down a toilet on live TV will be a rich man In […]