Luther, William; Salter, Alexander - In: The Review of Austrian Economics 25 (2012) 3, pp. 263-269
Bagus and Howden (Review of Austrian Economics 24(4): 383–402, <CitationRef CitationID="CR2">2011</CitationRef>) argue that price stickiness is a poor justification for advocating a flexible money supply through the issuing of fiduciary media under central or free banking. They view the contraction in output following an exogenous...</citationref>