Saturday, November 20, 2010

Third way?

I was just going to call reader's attention to a nice Buttonwood (in this week's Economist) summary of Austrian business cycle theory, in contrast to the popular deference to either-or Keynesian vs monetarist explanations of the current crisis. In the nick of time, I noticed that David Theroux has already done this. So, best to look at Buttonwood via Theroux here.