Unemployment and Monetary Policy: Government as Generator of the "business Cycle"

achieve aggregate demand argument Austrian become believe Britain Business Cycle Cantillon Cato Institute CATO PAPER Cato's Letters cause of unemployment Consequence of Inflation countries currency deflation employment policy Essays explains extensive unemployment final consumption fixed exchange fixed rates Friedrich full employment gold standard harmful effects Hjalmar Schacht increase individual elements Inevitable Consequence investment John Maynard Keynes Kelley Keynes's Keynesian economics Lecture London long run macro orthodoxy macroeconomics macrotheory majority of economists measurable ment misdirections of labor monetarist monetary authorities monetary expansion Monetary Policy monetary theory O'Driscoll physical sciences ployment political politicians prediction Pretense of Knowledge prevent Prices and Production prices and wages problem profitable quantitative evidence quantity of money quantity theory rates of exchange reason relative prices result Richard Cantillon scientistic sectors short run social soon stability STANFORD statistical structure of relative tion tive Trade Cycle true University of Vienna William Rees-Mogg worse York