Status Updates From Prices and Production and O...

you know the austrian book is a banger when you open it to statistics and maths hate

ill finish this one day... and maybe understand hayek too one day. hayek is easily the most pedantic and difficult to understand austrian economist his philosophy seems great and all but his economics are either confused or simply far too advanced for me. a mixed consensus tells me its probably between those two but i guess the latter

ill return to austrian price theory when my brain allows it

Lecture 5 of Monetary Nationalism is the most interesting, and it gives a bit of an insight into the political views of Hayek on banking.
He is a pessimist in regards to 100% gold reserve. Strangely he finds free banking or one big world central bank as more attainable and on equal grounds ...

So I finished The Paradox of saving. Hayek in the essay picks upon a publication by three authors that made quite the publicity in the Us; that claimed savings induce over-production and guv needs to finance consumption to suck the extra product from the market. Of course this was influential for the Hoover administration. Hayek proves that under stable money supply there is no risk of overproduction.

So I finished The Paradox of saving. Hayek in the essay picks upon a publication by three authors that made quite the publicity in the Us; that claimed savings induce over-production and guv needs to finance consumption to suck the extra product from the market. Of course this was influential for the Hoover administration. Hayek proves that under stable money supply there is no risk of overproduction.