On Tuesday, I spoke at the IEA’s The State of the Economy conference, participating in a panel discussion on Fiscal Policy and Government Expenditure with Edmund Conway, Sir John Bourn, Graeme Leach and Danny Alexander MP.
In discussions about when to begin cuts, I flatly rejected Keynesianism, explaining that capital-based macroeconomics gives a quite different set of tools for thinking about the economy. This generated interest from students and professional economists present so I have updated our primer, adding The Causes of the Economic Crisis and Garrison’s macroeconomics slides.
I also recommend these articles as a quick-start to rethinking money, banking and economics:
- The legal status of deposits
- The shape of the banking debate
- How to destroy the banking system using derivatives for regulatory arbitrage
- The effect of artificially low interest rates
- Irving Fisher’s solution
- James Tyler makes the case for 100% reserves
- Toby Baxendale on the next stage of Huerta de Soto’s reform plan
And for a light-hearted treatment of the same concepts, here’s the Hayek vs Keynes video:
Enjoy!
I must confess that I am astonished that Mr Baker has managed to become a candidate for Parliament – an institution so sadly full of the ignorant and the corrupt (people utterly unlike Mr Baker).
It gives me hope for the Conservative party – a party I have been an active member of for 30 years, but which often leaves full of frustration.