Celebrating humanity's flourishing through the spread of capitalism and the rule of law
08 Aug 2015 Leave a comment
in economics
Let’s recall the story. Some austrian economists (Woods, 2009; Powell, 2009; Murphy, 2009) claimed that Warren Harding cut the taxes, and by this has promoted the economic recovery. But Kuehn (2010) challenges this view. Kuehn (2012) believes that it was the reduction in interest rates by the Fed that has helped the economy to recover. And Selgin (2014) answered that it was not the Fed’s monetary easing but gold flows that has contributed to the recovery.
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