Mises Wire
Author:
Mark Thornton
Online Publish Date:
economy, for their personal enrichment. This will codify the proper meaning of the policy and undermine the opponents of austerity who directly benefit from government , coined the phrase “Austerian” economics to describe the penchant for austerity policies, like budget cutting and deflation, that are often advocated by Austrian will have a salutary economic effect of freeing up resources, intensifying competition, increasing productive jobs, and reducing risks to entrepreneurs. This is