{"id":3930,"date":"2015-01-02T20:21:39","date_gmt":"2015-01-03T01:21:39","guid":{"rendered":"http:\/\/olduvai.ca\/?p=3930"},"modified":"2015-01-02T20:21:39","modified_gmt":"2015-01-03T01:21:39","slug":"a-statement-full-of-keynesian-fallacies-ludwig-von-mises-institute-canada","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=3930","title":{"rendered":"A statement full of Keynesian fallacies – Ludwig von Mises Institute Canada"},"content":{"rendered":"

A statement full of Keynesian fallacies – Ludwig von Mises Institute Canada<\/a>.<\/p>\n

From today\u2019s Open Europe news summary:<\/p>\n

<\/div>\n
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Draghi: ECB ready to initiate QE to counter low inflation<\/strong><\/p>\n<\/div>\n

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In an interview with\u00a0Handelsblatt<\/em>, ECB President Mario Draghi warned that persistently low inflation in the Eurozone meant that \u201cthe risk that we do not fulfill our mandate of price stability is higher than six months ago\u201d. Draghi reiterated that the ECB was ready to step in with a programme of Quantitative Easing, noting that \u201cWe are in technical preparations to adjust the scope, speed and composition of our measures for early 2015.\u201d<\/p>\n<\/div>\n

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Handelsblatt<\/a>\u00a0Reuters<\/a>\u00a0Telegraph<\/a><\/p>\n<\/div>\n<\/blockquote>\n

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ECB President Mario Draghi\u2019s latest statement is full of Keynesian fallacies, to wit:<\/p>\n

1. That price stability is a worthy goal. No, monetary stability is essential, so that prices may reflect the true preferences and productive limitations of the market in order to allocate scarce resources to their most important purposes as dictated by the market.<\/p>\n

<\/p>\n

<\/a>…click on the above link to read the rest of the article…<\/span><\/p>\n

<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

A statement full of Keynesian fallacies – Ludwig von Mises Institute Canada. From today\u2019s Open Europe news summary: Draghi: ECB ready to initiate QE to counter low inflation In an interview with\u00a0Handelsblatt, ECB President Mario Draghi warned that persistently low inflation in the Eurozone meant that \u201cthe risk that we do not fulfill our mandate […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[285,353,2365,1044,661],"class_list":["post-3930","post","type-post","status-publish","format-standard","hentry","category-economics","tag-eurozone","tag-gdp","tag-keynesian-fallacies","tag-mario-draghi","tag-qe"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3930","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3930"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3930\/revisions"}],"predecessor-version":[{"id":3931,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/3930\/revisions\/3931"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}