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	<title>Comments on: Bring back Keynes&#8230; in the Guardian</title>
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	<lastBuildDate>Wed, 08 Feb 2012 08:39:46 +0000</lastBuildDate>
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		<title>By: Steven Shaw</title>
		<link>http://www.debtonation.org/2008/09/bring-back-keynes-in-the-guardian/comment-page-1/#comment-178</link>
		<dc:creator>Steven Shaw</dc:creator>
		<pubDate>Tue, 30 Sep 2008 11:39:37 +0000</pubDate>
		<guid isPermaLink="false">http://debtonation.org/?p=169#comment-178</guid>
		<description>I&#039;d be really useful if you could mention which policies you are talking about (the ones attributable to 

Hayek or Friedman) and some reference or argument about how they are discredited.

In the article you seem to ignore the housing and share 

market bubble. These bubbles seem to have happened because of &quot;easy money&quot;. It&#039;s not obvious to me that this should be solved with more inflation 

i.e. &quot;easier money&quot;.

Something is definitely wrong with the way interest rates are currently set. Instead of looking merely at consumer 

prices, if the central banks looked at all prices it might help. They could also look directly at the level of debt. A gold standard (or fixed fiat 

money) has a natural constraint and so it more naturally regulated. I would love to read about criticisms of the gold standard and Austrian 

economics as this is what I am finding most palatable at the moment.</description>
		<content:encoded><![CDATA[<p>I&#8217;d be really useful if you could mention which policies you are talking about (the ones attributable to </p>
<p>Hayek or Friedman) and some reference or argument about how they are discredited.</p>
<p>In the article you seem to ignore the housing and share </p>
<p>market bubble. These bubbles seem to have happened because of &#8220;easy money&#8221;. It&#8217;s not obvious to me that this should be solved with more inflation </p>
<p>i.e. &#8220;easier money&#8221;.</p>
<p>Something is definitely wrong with the way interest rates are currently set. Instead of looking merely at consumer </p>
<p>prices, if the central banks looked at all prices it might help. They could also look directly at the level of debt. A gold standard (or fixed fiat </p>
<p>money) has a natural constraint and so it more naturally regulated. I would love to read about criticisms of the gold standard and Austrian </p>
<p>economics as this is what I am finding most palatable at the moment.</p>
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