Date: Thursday 28 October 2010
Venue: Sheikh Zayed Theatre, New Academic Building
Speaker: Professor Jesús Huerta de Soto
The current financial and economic situation of the world should be analysed from the point of view of the Austrian Business Cycle Theory as developed by Mises and Hayek. Professor Huerta De Soto will present innovative solutions to the banking crisis and credit crunch working within the tradition of the Austrian School masters, Mises and Hayek. He will also unveil his proposal for similar legislative change that the "Peel Act" or Bank Charter Act of 1844 achieved with regards to the over issue of promissory notes to gold, but with respect to the over issue of credit. The consequences of doing this should create a climate of financial stability and an opportunity to totally restructure the national debt (potentially pay it off).
Should you wish to get an advanced feel for the subject of the lecture, you can look at Chapter 9 of this book by Huerta De Soto, which can be downloaded from The Cobden Centre, the pdf is called "Huerta de Soto, Jesus: Money, Bank Credit and Economic Cycles. This chapter gives the theoretical outline of part of the lecture.
Jesús Huerta de Soto is professor of political economy at King Juan Carlos University.
This event is free and open to all with no ticket required. Entry is on a first come, first served basis. For any queries email firstname.lastname@example.org or call 020 7955 6043.
A transcript of Professor Jesús Huerta de Soto's speech is available to download. Download 'Financial Crisis and Economic Recession' (pdf).
A podcast of this event is available to download from the LSE Public Lectures and Events: podcasts and videos channel.
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