Reply To: Bond vigilantees and political power

#17956
jmherbener
Participant

You are correct, there hasn’t been much written about the “great moderation” period from Austrian economists.

You might take a look at James Grant’s book, Money of the Mind.

http://www.amazon.com/Money-Mind-How-1980s-That/dp/0374524017

The oil crisis analysis was done by Dwight Lee. I can’t find the citation, but he might have reproduced it in his book, Common Sense Economics.

http://www.amazon.com/Common-Sense-Economics-Everyone-Prosperity/dp/B005ZO6UGY

Here is a Gordon Tullock article that presupposes the wealth transfer to the OPEC producing countries during the 1970s:

http://object.cato.org/sites/cato.org/files/serials/files/cato-journal/1986/5/cj6n1-7.pdf