Hi all. In the recent live LC meeting I asked Tom and Jeff how to divorce ourselves from so called Austerity. We all know that said policie are not endorsed by us and real austerity demands a deflationary depression to correct the misallocations. Rothbard stated as much. Krugman loves using the straw man fallacy to claim that EU “austerity” is Austrian economics. Krugman claims that we said those policies would make for immediate prosperity. This ignores the fact that we specifically state that booms bring on busts.
Apparently I need to become more productive at using Google.
Thank you again Jeff.
I’d like to see a better refutation of austerity(clear and concise). I think Ron Paul’s proposal will be a good framework to use. I will have to summarize Bush and Obama policy and then pick Greece for the EU. If I compare/contrast against Ron Paul’s proposal I am confident that EU policy is at least 99% wrong, according to Austrians.