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Posts Tagged: “monetary plolicy

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October 1, 2018Guest Commentaries

The Story of Benjamin Strong: How Fatal Conceit Wrecks Economies

In an article we published last week, Peter Schmidt highlighted what he called the “fatal conceit” of modern Keynesian economics. These economists, central bankers and politicians think they can plan, direct and guide the economy through their great wisdom and application of their economic models. But as economist Friedrich Hayek explained, the central planners’ arrogance ignores […]

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