Wrong way go back sign Johnny Jet/Flickr

L’ Errore Monetarista

BERKELEY – Le idee contano. Questa è la lezione di Hall of Mirrors, la cronistoria dell’economista americano Barry Eichengreen delle due più grandi crisi economiche degli ultimi 100 anni: la Grande Depressione del ventesimo secolo e la Grande Recessione in corso, da cui stiamo ancora lottando inefficacemente per uscire.

Eichengreen è mio amico, maestro, e sostenitore, e il suo libro è, a mio parere, la migliore spiegazione del perché ad oggi i responsabili politici in Europa e negli Stati Uniti hanno reagito al più drammatico collasso economico di quasi quattro generazioni con misure blande ed interventi parziali.

Secondo Eichengreen, la Grande Depressione e la Grande Recessione sono correlate. La risposta inadeguata ai nostri problemi attuali può essere ricondotta all’affermazione dei discepoli monetaristi di Milton Friedman sui loro colleghi keynesiani e minskyani nell’interpretare la storia della Grande Depressione.

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