tag:blogger.com,1999:blog-5713178645208582139.post4325153411794360863..comments2024-03-22T02:37:15.030-05:00Comments on Macro Musings Blog: Hayek and the Stabilization of Nominal SpendingDavid Beckworthhttp://www.blogger.com/profile/04577612979801459194noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5713178645208582139.post-59100138437430814972014-09-19T15:13:31.115-05:002014-09-19T15:13:31.115-05:00Hayek actually changed his views over time and end...Hayek actually changed his views over time and ended up favouring zero inflation (i.e. stable price level with no inflation or deflation overall).<br /><br />George Selgin, 'Hayek vs Keynes on how the price level ought to behave', (1997):<br /><br />"Hayek himself eventually came to support a zero-inflation ideal. During the last decades of his career, and after having said little onPhilippenoreply@blogger.comtag:blogger.com,1999:blog-5713178645208582139.post-26887980240045221142010-11-29T21:07:19.013-06:002010-11-29T21:07:19.013-06:00Hayek wasn't all THAT silent...
Hayek’s 1932 ...Hayek wasn't all THAT silent...<br /><br /><a href="http://butnowyouknow.wordpress.com/those-who-fail-to-learn-from-history/hayeks-1932-letter-on-the-great-depression/" rel="nofollow">Hayek’s 1932 Letter on the Great Depression</a><br /><br />"It is agreed that hording money, whether in cash or in idle balances, is deflationary in its effects. No one thinks that deflation is in itself Anonymousnoreply@blogger.com