Sunday, January 31, 2010

Hayek on Milton Friedman

F.A. Hayek explains why he agrees with Milton Friedman on everything EXCEPT monetary theory. It is a very interesting insight into Hayek's view that competing currencies and private money would be more consistent with liberty than a governmental monopoly. 

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QE3 Is Here!

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