Thursday, February 5, 2009
A Magnificent Essay on the Credit Crisis
Chris at Notablog has written an absolutely magnificent essay explaining the connections between the Austrian theory of monetary expansion and the state/banking nexus "conspiracy" that has been running the show for a century and is now on the ropes. Once again, courtesy of Vox. If you have any interest whatsoever in the present crisis, Austrian economic theory, or political economy of the 20th century, you absolutely must read this essay. It is masterfully written, thoroughly logical and well explained, and chock full of good links.