My friends at HACER announce,
The Hispanic American Center for Economic Research (HACER) and the Fundación para el Progreso “Jean Gustave Courcelle-Seneuil” of Chile, joined efforts to publish and promote “Interventionism and Misery: 1929-2008″ a book devoted to understand the nature of past and future economic crises around the world. With a perspective of Austrian economics, Axel Kaiser explains the causes of the Great Depression in 1929, the crisis that started in 2008, the role of statism in the road to ruin and the key importance of the gold standard and capitalism for a prosper future.
Ralph J. Benko says in the prologue: “Interventionism and Misery: 1929-2008 by Axel Kaiser is an important book. Economics has become, in Kaiser’s apt word, an astrology. The more miserable grow our economies the more pretentious grow professional economists. […] Statism is based on faith, not reason. The Black Stone – the primordial artifact – of the Kaaba of canonical economics today is the claim that the free market somehow caused, and failed to cure, the Great Depression. Axel Kaiser directly and capably critiques this, the very foundational myth upon which statism, that most modern of religions, is built. He capably strips away much of the veneer of theoretical legitimacy upon which statism depends.”