Tag Archives: One

Hayek, the Business Cycle and the Financial System

Posted on January 13, 2010 by Jonathan Finegold Catalán

In “Monetary Theory and the Trade Cycle” Hayek holds that the business cycle is caused by fractional-reserve banking, which is a natural credit organization formed out of the market. If this is the case, then it follows that economic cycles are an intrinsic part of capitalism. Continue reading →

Posted in Theory | Tagged 100, Austrian, banking, business, cycle, fractional, free, Friedrich, Hayek, Hundred, monetary, One, Percent, prices, production, Reserve, Theory, trade | 4 Comments

Shift to Keynesian Economics

Posted on December 18, 2009 by Jonathan Finegold Catalán

My comment on Paul Krugman’s latest blog post (Why Economics Is the Way it Is): Dear Dr. Paul Krugman, You are only partially correct. The shift in mentality (for the United States), I believe, came during the First World War. … Continue reading →

Posted in Miscellaneous | Tagged blog, comment, Depression, editor, Great, Keynes, Keynesian, Krugman, letter, One, War, World | 10 Comments

Taxes Discourage Production

Posted on August 21, 2009 by Henry Hazlitt

A chapter from Henry Hazlitt’s “Economics in One Lesson”. Hazlitt explains why taxation will discourage investment and production, disallowing new jobs from being created and perpetuating unemployment. Continue reading →

Posted in Theory | Tagged Econimics, goods, Government, Hazlitt, Investment, Lesson, One, production, public, taxes, Theft | Leave a comment

Tag Archives: One

Hayek, the Business Cycle and the Financial System

Shift to Keynesian Economics

Taxes Discourage Production

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