Saving, trade, and the confidence fairy

posted by
July 14, 2011
Ludwig von Mises Institute
by Robert P. Murphy  
Posted in Commentary

"The last-minute negotiations over the debt ceiling have brought the economic pundits out in force. In the midst of a terrible recession, the contrast between Austrian and Keynesian analysis is striking. The Austrians recommend the virtues of saving and investment, while Keynesians preach the opposite. Things are so topsy-turvy that in this article, I'm actually going to defend President Obama from Paul Krugman's barbs." (07/14/11)  

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