Philip Bagus: “The Myth of Austerity”

I recommend a read through this post on the myth of austerity in Europe by Philip Bagus, a professor at Rey Juan Carlos University in Spain:

It is a lucid restating of the classic Austrian argument against artificial interventions in recessionary market clearing mechanisms.


Carlos Alvarenga

Founder and CEO at KatalystNet and Adjunct Professor in the Logistics, Business and Public Policy Department at the University of Maryland’s Robert E. Smith School of Business.

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