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The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt

Showing posts with label British depression. Show all posts
Showing posts with label British depression. Show all posts
Thursday, July 08, 2010

F. A. Hayek On Keynes: I Think He Would Have Been Fighting The Inflationary Policy

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Here is a short video interview of F.A. Hayek in discussion of wage rates and the deflation during the British Depression of the 20s and 30s...
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