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"A Thought Experiment Comparing Austrian and Keynesian Stimulus Packages," by Wladimir Kraus — Libertarian Papers

Libertarian Papers vol. 1 (2009), Art. No. 40: “A Thought Experiment Comparing Austrian and Keynesian Stimulus Packages“, by Wladimir Kraus Abstract: Essentially, there are two competing views of how to overcome an economy-wide recession/depression. The Austrian view understands the free-play of competition as the most potent means to overcome the short-run mismatch between an... »