Are the Austrians Too Harsh?

John P. Cochran
Mises Institute
Oct. 06, 2010

Randall W. Forsyth, writing for Barron's early spring 2009, wrote about Austrian economists, "Their ideas warned us of the bubble; their prescription for the bust is too harsh, however."[1] Now that the NBER has announced that the current "Great Recession" ended in June 2009, after 18 months, let's reexamine this claim.

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