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Does Cost Cutting Undermine Economic Growth?

Audio Mises Wire

Tags Booms and BustsCentral BanksMonetary Policy

03/30/2023Frank Shostak

Keynesian economists claim that cutting costs in a business slowdown is counterproductive. As usual, the Keynesians have it backward.

Original Article: "Does Cost Cutting Undermine Economic Growth?"

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Frank Shostak's consulting firm, Applied Austrian School Economics, provides in-depth assessments of financial markets and global economies. Contact: email.

Original Article: 
Does Cost Cutting Undermine Economic Growth?