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“Reformulation of Austrian Business Cycle Theory” Now in Polish

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Joe Salerno’s article, “A Reformulation of Austrian Business Cycle Theory in Light of the Financial Crisis,” is now available in a Polish translation.  The article demonstrates that the phenomenon of overconsumption that occurred during the housing bubble is completely consistent with the theory and rebuts Paul Krugman and several other Keynesian economists who claim that the theory fails to explain the financial crisis.     

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