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Source link: http://archive.mises.org/21354/mises-daily-wednesday-march-07-2012/

Mises Daily: Wednesday, March 07, 2012

March 7, 2012 by

“Krugman and British Austerity” by Sean Rosenthal

So far as unrelated historical events provide any evidence, the historical evidence in Britain supports the view that spending cuts bring about larger economic recoveries than deficit spending does. The British government of the Great Depression followed “austerity” measures much more closely than the present British government.

“Will Foreign Loans Make Us Rich?” by Henry Hazlitt

If it were true that we could create prosperity merely by making goods to give away, then we would not have to give them to foreign countries.

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