Heterodox
But you won’t know it from the weird Hayek apologists and Free Bankers who have essentially rewritten history to make it seem as if Hayek was in favour of MV stability by monetary stimulus and central bank intervention during the early years of the Great Depression (see here for a full discussion).Not too long ago I had a run in with some of the Hayekian True Believers on Twitter.One of them cited the second part of Hayek’s review of Keynes’ Pure Theory of Money (see Hayek 1932; the first...
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