Professor Jesús Huerta de Soto on the differences between anarcho-capitalism and classical liberalism, and why intellectual evolution eventually leads to anarcho-capitalism.
Posts Tagged ‘Huerta’
Consumer Credit and the Theory of the Cycle
Economist Jesús Huerta de Soto explains the role of consumer credit in the formation of the business cycle, in accordance with the Austrian theory. From his book, “Money, Bank Credit and Economic Cycles”.
The Possibility of Postponing the Eruption of the Crisis: The Theoretical Explanation of the Process of Stagflation
The arrival of the economic recession can be postponed if additional loans unbacked by real saving are granted at an ever-increasing rate, i.e., if credit expansion reaches a speed at which economic agents cannot completely anticipate it. This strategy is condemned to inevitable failure and involves a huge additional cost: once the recession hits, it will be much deeper and much more painful and prolonged
A Critique of the Mechanistic Monetarist Version of the Quantity Theory of Money
Spanish Austrian economist Jesús Huerta de Soto critiques the Monetarist “quantity theory of money”.
