The collapse of the monetary order in 1971 reflected the massive dislocations and malinvestment of resources that ultimately turned the decade into one crisis after another. Keynesians are doing something similar today.

Original Article: “The Great Keynesian Coup of August 1971: Fifty Years Later”

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.



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The Great Keynesian Coup of August 1971: Fifty Years Later