Thursday, 20 June 2013

Here’s an Austrian economist who would continue “quantitative easing” if named central bank governor

Yesterday Russel Norman was like Neville-No-Mates when it came to support for his policy of Quantitative Easing. So he’ll be happy to know I’ve found an economist for him from the Austrian school of economics, one Dr Walter Block, who confirmed in a recent email to a friend that if named as head of the US central bank, he would continue the policy of “quantitative easing.”

Yes, you read that right.

Here’s the full email, sent to Bob Wenzel at EPJ:

Dear Bob:
I'm ready to serve my country in this capacity. I promise to do a good job. My policy will be quantitative easing: easing all the employees of the Fed out of their jobs. If appointed, I won't demand a recount. Rather, I'll fulfill my promise to End the Fed within one day. See, I'm a moderate (that's why they call me Walter Moderate Block). I won't blister my finger ending this invasion of our liberties instantaneously.
Best regards,
Walter E. Block, Ph.D.
Harold E. Wirth Eminent Scholar Endowed Chair and Professor of Economics
Joseph A. Butt, S.J. College of Business


  1. Printing your own money makes more sense than borrowing someone else's printed money.

  2. Not Walter Block! I love that guy! I guess this must be Walter Blocks evil twin. I refer of course to the man who wrote "Defending the Undefendable" and is I believe an Anarcho-Capitalist.

  3. @Konrad: You really should read the policy properly:

    "My policy will be quantitative easing: easing all the employees of the Fed out of their jobs..."


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