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Source link: http://archive.mises.org/11601/hayek-on-the-tiger/

Hayek on the Tiger

February 4, 2010 by

“Neo-Classical Formalism” has entailed an undue concentration on the “general price level,” with an eye toward the attainment of “price stability.” Murray N. Rothbard has rightly called this a “fetish” of price stability. FULL ARTICLE by Walter Grinder

{ 5 comments }

Stephen Grossman February 4, 2010 at 3:02 pm

Price stability? A loaf of bread in 1800 cost the same in 1900. Not so in 2000! 1965 Ferraris were $12,000!

sumon March 23, 2011 at 6:35 pm

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srkshaju March 23, 2011 at 6:40 pm

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srkshaju March 23, 2011 at 6:38 pm

Sorry, I got impatient and used your contact form to submit the same question. Obviously, you can ignore that now.

Thanks again.

sumon March 23, 2011 at 6:38 pm

Sorry, I got impatient and used your contact form to submit the same question. Obviously, you can ignore that now.

Thanks again.

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