Two years ago today we noted Daniel Keuhn saying smart things about Friedrich von Hayek and Paul Krugman saying smart things about Milton Friedman. Keuhn’s major point was that Hayek is inconsistent and incoherent on both macroeconomic political economy issues, and we should recognize that incoherence. Krugman’s is that Friedman’s the-market-is-perfect-except-we-need-a-k%-money-growth-rule is deeply incoherent. Both … Continue reading That Friedrich von Hayek Was Inconsistent and That Milton Friedman Was Running a Con on His Ideological Allies Are Not to Their Benefit: Hoisted from the Archives from Two Years Ago