En Krugman, varios artículos a cual más sabroso sobre Friedman, la Trampa de la Liquidez, y si Friedmam es asimilable por los republicanos de hoy, es decir, Rand Paul Ryand a la cabeza. Se ríe Krugman porque Ryand Rand dice que Friedman no es Austriaco, pero que es una pena que esté muerto, porque podria haber sido candidato a la FED por un gobierno republicano. Krugman dice que no sabe Ryan Rand hasta que punto Friedman no era austriaco ("But I’ll bet he had no idea about the extent to which Friedman really, really wasn’t an Austrian.")
En todo caso,Paul Ryan Rand Paul da escalofríos en su entrevista para Bloomberg, de la que cito:
Y desde luego, desde una postura, en el momento de la crisis, como la que cita Krugman, es la fetén de la teoría del Ciclo Austríaco,
En todo caso,
Krugman cita un párrafo de Friedman, del que resulta difícil asimilarle como austérico (o austérico). Y luego se refiere a algunos intentos de separar a Hayek de los liquidacionistas, lo que es aún más chusco, claro. Es verdad que hay un texto por ahí, que cité en este post, en el que Hayek se refiere a la Gran Drepresión como un no liquidacionista, pero tampoco es muy convincente; además, es muy a posteriori de los hechos.You’re a big reader of Austrian economists such as Friedrich Hayek and Ludwig von Mises, who don’t believe in stimulus and say the economy can return to health only through austerity.
You can stimulate prosperity by leaving more money in the hands of those who earn it. If you want to stimulate the economy in Louisville, leave more money in Louisville and send less to Washington. My plan has a 17 percent flat tax with very few deductions, and it would leave $600 billion in the economy. But it would work better than a government stimulus because of the Milton Friedman proposition that nobody spends somebody else’s money as wisely as they spend their own. I think you’d have a boom like you’ve never seen in this country.Who would your ideal Fed chairman be?
Hayek would be good, but he’s deceased.Nondead Fed chairman.
Friedman would probably be pretty good, too, and he’s not an Austrian, but he would be better than what we have.Dead, too.
Yeah. Let’s just go with dead, because then you probably really wouldn’t have much of a functioning Federal Reserve.
Y desde luego, desde una postura, en el momento de la crisis, como la que cita Krugman, es la fetén de la teoría del Ciclo Austríaco,
En la que lo importante es la proposición de bienes de inversión en relación a su estructura temporal, y a los bienes de consumo, teoria que nadie ha comprado nada más que dentro del estrecho círculo austriaco, y de la que se deduce indubitablemente el liquidacionismo. Como dice Krugman,And, if we pass from the moment of actual crisis to the situation in the following depression, it is still more difficult to see what lasting good effects can come from credit expansion. The thing which is needed to secure healthy conditions is the most speedy and complete adaptation possible of the structure of production to the proportion between the demand for consumers’ goods and the demand for producers’ goods as determined by voluntary saving and spending. If the proportion as determined by the voluntary decisions of individuals is distorted by the creation of artificial demand, it must mean that part of the available resources is again led into a wrong direction and a definite and lasting adjustment is again postponed. And, even if the absorption of the unemployed resources were to be quickened in this way, it would only mean that the seed would already be sown for new disturbances and new crises. The only way permanently to “mobilize” all available resources is, therefore, not to use artificial stimulants—whether during a crisis or thereafter—but to leave it to time to effect a permanent cure by the slow process of adapting the structure of production to the means available for capital purposes. (10) And so, at the end of our analysis, we arrive at results which only confirm the old truth that we may perhaps prevent a crisis by checking expansion in time, but that we can do nothing to get out of it before its natural end, once it has come.
Por cierto, esta extraña teoría no sé como se puede encajar con el marginalismo, en el que al menos Hayek se encuadra. Pero esta habilidad de saltar de un marco conceptual al vacío cuando les pete es propio de los austriacos. Son tan arbitrarios como un mono de la selva, y como ellos se traicionan a sí mismos.If that’s not liquidationism, I’ll eat my structure of production.
No hay comentarios:
Publicar un comentario