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Barron on the Ricardo Effect

April 3, 2014

Mark Thornton writes: Patrick Barron on Redmond Weissenberger’s podcast Better Red than Dead, on The Ricardo Effect.  Like Say’s Law, it's another piece of classical economics that is under-appreciated by modern Austrians.  Barron also makes the point that I had not heard before that there is a perverse Ricardo effect put into play by government intervention.

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