The Austrian - 2023 V-09 I-03

This book is an indispensable contribution to Austrian economics and to libertarian thought, and readers will also gain a clear sense of Huerta de Soto’s major contributions in these areas.

In this book, DeLong has a firm sense of the immense power of the free market to achieve economic growth. Unfortunately, he goes wrong in many other ways. 

US dollar hegemony spreads price inflation and other central banks are doing the same. If the dollar fails, it will be due to self-inflicted wounds.  The only solution is good money. 

What is the Cincinnatian problem? How to end vast emergency interventions whose day has passed but have become established and advantageous to their constituencies and have increased the power the central bankers enjoy.

The mainstream says everything is under control. But the Fed continues to monetize trillions of dollars of debt and becomes more blatantly political in how it partners with the regime in countless schemes, from locking down the economy to racking up new debt at unnaturally low interest rates.