Last Wednesday I gave a seminar at the OECD on the Austrian School of Economics. I presented with Professor Gunther Schnabl from Leipzig University, one of the top Austrian School scholars today. I met Gunther when we both gave speeches at the Future of Money Conference in Leipzig this summer. Following the OECD we met with the Deputy Head of IMF Europe to talk about Austrian School business cycle theory. I am always impressed by the intelligence of people at the IMF, OECD and other global institutions, even though I disagree with the global monetary system.
The “savings glut” hypotheses is alive and well within the corridors of power despite being, in my view, debunked by Claudio Borio at the BIS in 2011.
Thank you to the OECD and IMF for giving us the opportunity to speak about the Austrian School.