- Cafe Hayek - http://cafehayek.com -
Quotation of the Day…
Posted By Don Boudreaux On June 10, 2012 @ 7:13 am In Scientism,Seen and Unseen,State of Macro | Comments Disabled
… is from page 117 of W.H. Hutt’s detailed, careful, and profound 1979 study The Keynesian Episode :
And this [their confused thinking about money] seems to have led the new Keynesians, like the old, to the belief that monetary or fiscal policy, through the control of spending, can act as a universal solvent of all price disharmonies and, like an invisible hand, make unnecessary, or less necessary, the difficult task of overhauling the institutions which make up the price system.
Article printed from Cafe Hayek: http://cafehayek.com
URL to article: http://cafehayek.com/2012/06/quotation-of-the-day-316.html
URLs in this post:
 The Keynesian Episode: http://www.amazon.com/The-Keynesian-Episode-A-Reassessment/dp/0913966614/ref=sr_1_1?s=books&ie=UTF8&qid=1339326405&sr=1-1&keywords=hutt+keynesian+episode
 Image: http://www.blinklist.com/index.php?Action=Blink/addblink.php&Url=http%3A%2F%2Fcafehayek.com%2F2012%2F06%2Fquotation-of-the-day-316.html&Title=Quotation%20of%20the%20Day...
 Tweet: https://twitter.com/share
Copyright © 2011 CafeHayek.com. All rights reserved.