The U.S. Monetary Policies Against the Great Recession of 2008: A Critique from the Deflationist Viewpoint of the Austrian School

Fillieule Renaud ()
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Fillieule Renaud: Faculté des sciences économiques et sociales, Université de Lille, CLERSÉ (UMR 8019), 59655 Villeneuve d’Ascq, France

Journal des Economistes et des Etudes Humaines, 2016, vol. 22, issue 1, 99-111

Abstract: Monetary and credit expansions have been the main tools used by the U.S. government and central bank to try and recover economically from the Great Recession of 2008. This paper expounds a radical criticism of these Keynesian policies, criticism developed by some contemporary economists of the Austrian School: the appropriate and fair remedy for this kind of crisis is not reflation but deflation.

Keywords: Great Recession; monetary policy; deflation; Austrian School of Economics (search for similar items in EconPapers)
JEL-codes: B53 E32 E52 (search for similar items in EconPapers)
Date: 2016
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DOI: 10.1515/jeeh-2016-0007

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