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You must be misunderstanding me. There is no dichotomy between market economy and Keynesian economy (which is a market economy). Quantitative easing, fractiona
by muyuu 15y ago
You must be misunderstanding me. There is no dichotomy between market economy and Keynesian economy (which is a market economy).
Quantitative easing, fractional reserve and stimulus measures are all forms of intervention creating artificial cycles that wouldn't exist otherwise.
Austrian school economics (if that's what you mean by market economy) don't advocate for any sort of counter-cyclical measures.