Henderson clearly does not buy into the standard libertarian/Austrian expectation of price inflation following monetary expansion. did he surprise you a bit with that?
It’s good and healthy to hear alternative views of the economy. We libetarians can be kind of doctrinaire about money, dontcha know? (And of course all other economists are doctrinaire too, but they’re douches and we’re not).
Scott, Does Henderson have a recent article some where? if so, please post link. thanks, good interview.
it’s the spotlight on awc today.
http://www.c2cjournal.ca/public/articles/67
thanks buddy.
Henderson clearly does not buy into the standard libertarian/Austrian expectation of price inflation following monetary expansion. did he surprise you a bit with that?
Yeah a bit. I know he ain’t an austrian. It makes sense though that most inflation comes from the reserve ratios rather than govt. spending.
It’s good and healthy to hear alternative views of the economy. We libetarians can be kind of doctrinaire about money, dontcha know? (And of course all other economists are doctrinaire too, but they’re douches and we’re not).