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Yogy TheBear is 37% done

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.

— Dec 05, 2018 10:40PM

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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 ...

— Jan 02, 2019 11:02PM

Yogy TheBear is 70% done

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— Dec 29, 2018 11:27PM