Members of the John Birch Society developed an interest in a school of Austrian economists who promoted free-market ideals.
This is the oldest, developed by Austrian economists such as Ludwig von Mises and Friedrich Hayek in the early 20th century.
All of which explains why Hayek and some other Austrian economists have acquired a new generation of fans - including the Republican Congressman and presidential candidate Ron Paul.
His argument, which was in this regard identical to Austrian economists like Ludwig Von Mises, was that human capital should be free to cross borders just like financial capital should be.
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Austrian economists call these deposits uncovered money substitutes.
The recent scientific work on the expenditure multiplier is aligned with the Ricardian equivalence theorem as well as the views of the Austrian economists who continued to follow Ricardo even when the Keynesian revolution was ascendant.
Austrian economists describe three stages of inflation.
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Asset price inflation, an older term for irrational exuberance found in the writings of Austrian school economists, is a monetary virus infecting capital markets.
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Beneath the psychological swings lies the root cause: the boom-bust cycle is due to government manipulation of the money supply, as the Austrian school of economists have demonstrated.
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Specifically, there are lessons to be learned about recessions, depressions, and what the economists of the Austrian school like Ludwig von Mises and F.
Mr White is one of the few current economists to promote the Austrian approach.
Economists trained in the Austrian framework recognised early on that the recent boom was induced by rampant credit and money creation rather than sustainable economic growth, and correctly predicted the inevitable bust.
Economists who would not describe themselves as Austrian have reached conclusions that chime with Hayek.
Decorated in the second world war, he was a shady serial entrepreneur sympathetic to the views of an Austrian economist, Friedrich Hayek, and a group of liberal, free-marketeering economists that coalesced around him at the London School of Economics.
They are testing the theories of four dead white guys: Irving Fisher (representing the classical economists), John Keynes (the Keynesian school), Ludwig von Mises (the Austrian school), and Milton Friedman (the monetarist school).
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