tag:blogger.com,1999:blog-6245381193993153721.post176484385115733932..comments2024-03-28T17:08:15.784-07:00Comments on Social Democracy for the 21st Century: A Realist Alternative to the Modern Left: Hayek the Stable MV Theorist?Lord Keyneshttp://www.blogger.com/profile/06556863604205200159noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6245381193993153721.post-2327743153734344592013-08-13T17:14:41.167-07:002013-08-13T17:14:41.167-07:00Interesting. Haeyk implies that monetary velocity ...Interesting. Haeyk implies that monetary velocity is a strong variable in price levels yet Austrians typically assume velocity is fixed, given their eternal argument monetary aggregates wholely determine inflation.<br /><br />It's almost as though Hayek never goes quite far enough for them and so his writings have to be tortured into doing so.Anonymoushttps://www.blogger.com/profile/11018306000410021518noreply@blogger.com