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The U.S. Monetary Policies Against the Great Recession of 2008: A Critique from the Deflationist Viewpoint of the Austrian School

The U.S. Monetary Policies Against the Great Recession of 2008: A Critique from the Deflationist... Abstract Monetary and credit expansions have been the main tools used by the U.S. government and central bank to try and recover economically from the Great Recession of 2008. This paper expounds a radical criticism of these Keynesian policies, criticism developed by some contemporary economists of the Austrian School: the appropriate and fair remedy for this kind of crisis is not reflation but deflation. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal des Économistes et des Études Humaines de Gruyter

The U.S. Monetary Policies Against the Great Recession of 2008: A Critique from the Deflationist Viewpoint of the Austrian School

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Publisher
de Gruyter
Copyright
Copyright © 2016 by the
ISSN
2194-5799
eISSN
2153-1552
DOI
10.1515/jeeh-2016-0007
Publisher site
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Abstract

Abstract Monetary and credit expansions have been the main tools used by the U.S. government and central bank to try and recover economically from the Great Recession of 2008. This paper expounds a radical criticism of these Keynesian policies, criticism developed by some contemporary economists of the Austrian School: the appropriate and fair remedy for this kind of crisis is not reflation but deflation.

Journal

Journal des Économistes et des Études Humaines – de Gruyter

Published: Jul 1, 2016

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