Reprinted from Mises.org President Barack Obama has recently released his budget in which he calls for an “end of austerity.” This is an amazing statement from a president whose government has spent the highest percentage of GDP in history and
austerity
The Eurocrisis in 3 Steps
Writing for the Globe and Mail, Michael Babad comments that a recent IMF report on Greece praises some of its reform measures, yet demonstrates that the beleaguered country falls well short in others. In particular the report focuses on three key issues:
The Three Types of Austerity
Reprinted from Mises.org Reading the financial press, one gets the impression there are only two sides to the austerity debate: pro-austerity and anti-austerity. In reality, we have three forms of austerity. There is the Keynesian-Krugman-Robert Reich form which promotes more
Austerity after Reinhart and Rogoff
With the world abuzz about mistakes in some influential research by economists Carmen Reinhart and Kenneth Rogoff, attention is being drawn to the case for austerity. Reinhart and Rogoff published several academic articles arguing that, among other things, high levels
The False Choice in Europe Between Austerity and Growth
The debate in Europe over what policies the debt ridden countries should pursue is being falsely constructed as a choice between austerity and growth. Not only is there another, more appropriate alternative, but these two alternatives themselves are not properly
An Austrian Defense of the Euro
Originally appeared at Mises.org 1. Introduction: The Ideal Monetary System Theorists of the Austrian School have focused considerable effort on elucidating the ideal monetary system for a market economy. On a theoretical level, they have developed an entire theory of
Eugene Robinson- Full of Economic Fallacies
Stop me if you heard this one before. A well regarded political commentator writing for one of the nation’s leading (and floundering) newspapers is troubled. No matter how many times his pen touches the paper for millions to read, his
Resist “Austerity”, Resist the State
Only in these sick and twisted times can one advocate raising taxes as a step to bring about government austerity. In the wacky world of sovereign debt silliness we are all socialists! I’ve commented on the Greek bailouts once before
New Comments on Mises Canada