Following up on my posts UK Parliament Speech Invokes Mises Institute re Honest Money and Sound Banking and sUK Proposal for Banking Reform: Fractional-Reserve Banking versus Deposits and Loan, and Jeff Tucker’s Yesterday was a Historic Day: Professor Jesús Huerta de Soto will present a very important lecture on Financial Crisis and Economic Recession, at the LSE’s Hayek Lecture in London next month (this lecture was established and funded by Toby Baxendale, an Austrian classical liberal entrepreneur, philanthropist, and Chairman of the Cobden Centre). More information below:
Date: Thursday 28 October 2010
Venue: Sheikh Zayed Theatre, New Academic Building
Speaker: Professor Jesús Huerta de Soto
The current financial and economic situation of the world should be analysed from the point of view of the Austrian Business Cycle Theory as developed by Mises and Hayek. Professor Huerta De Soto will present innovative solutions to the banking crisis and credit crunch working within the tradition of the Austrian School masters, Mises and Hayek. He will also unveil his proposal for similar legislative change that the “Peel Act” or Bank Charter Act of 1844 achieved with regards to the over issue of promissory notes to gold, but with respect to the over issue of credit. The consequences of doing this should create a climate of financial stability and an opportunity to totally restructure the national debt (potentially pay it off).