Friday, July 24, 2009

Hayek on Keynes

Hayek states that he is still puzzled as to why Keynes's General Theory had so much influence. He also mentions that if Keynes had lived, he would be shocked by "Keynesianism" and its inflationary policies.

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QE3 Is Here!

Move over QE2, QE3 is here! The markets are euphoric for now.