Nash and Hayek

Lance McLain <lance-X3DuywwxauBWk0Htik3J/[email protected]>
Newsgroups gmane.music.dadl.ot
Message-ID <[email protected]>
Just watched A Beautiful Mind with my family.  It was my second time  
seeing it.  Russell Crowe really did a wonderful job with that part.
Anyway, I was reading up on the real John Nash and found this  
interesting tidbit in the wikipedia article:

Nash has developed work on the role of money in society. Within the  
framing theorem that people can be so controlled and motivated by  
money that they may not be able to reason rationally about it, he has  
criticized interest groups that promote quasi-doctrines based  
onKeynesian economics that permit manipulative short-term inflation  
and debt tactics that ultimately undermine currencies. He has  
suggested a global "industrial consumption price index" system that  
would support the development of more "ideal money" that people could  
trust rather than more unstable "bad money". He notes that some of his  
thinking parallels economist and political philosopher Friedrich  
Hayek's thinking regarding money and a nontypical viewpoint of the  
function of the authorities.[25][26]

That was a nice bit of Hayekian confirmation for me.

regards,
-Lance

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