Nobel Prize link to Friedman over Keynes explored, Axel Merk notes

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Nobel Prize link to Friedman over Keynes explored, Axel Merk notes — Nobel win ties to Friedman not Keynes

Axel Merk described the Nobel Prize in economics awarded to Woodford and Hall as having much to do with Milton Friedman and little to do with John Maynard Keynes. Merk provided this context to clarify the significance of the award’s theoretical connections.

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Merk has previously highlighted risks tied to government funding strategies. In June, he flagged France’s reliance on short-term debt markets as a response to high public debt. Earlier this year, he discussed cycles of volatility and stability in the gold market, noting alternating periods of uncertainty and calm.

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