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View Diary: The Euro Crisis by the numbers (165 comments)

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  •  Both Mises (3+ / 0-)

    and Hayek have to be read in context, in which case their grand pronouncements turn out to be remarkably ad-hoc petty.. For instance there's a passage in Hayek's Road to Serfdom in which he seems to be arguing for the benefits of national, as opposed to local government. The New York Times got all hot and bothered over this, because it would suggest an economic policy at odd with the States Rights approach of the American right. All Hayek was doing was complaining about the Socialists in Red Vienna, as opposed to the reactionaries who dominated "Black" Austria.

    Cordially,

    WOID: a journal of visual language http://theorangepress.com/woid

    by WOIDgang on Mon Nov 28, 2011 at 08:49:24 AM PST

    [ Parent ]

    •  Oh, BTW. (1+ / 0-)
      Recommended by:
      happymisanthropy

      According to Beller, the Anschluss had a strong, basic economic imperative: by 1938 "Austro-Fascists" like Mises had done a superb job of building up Austria's reserves (by crushing the unions and eliminating social benefits), and the Nazis (whose own reserves were near zilch) needed the money to start WWII...

      Thanks as usual for your analyses, gjohnsit.

      WOID: a journal of visual language http://theorangepress.com/woid

      by WOIDgang on Mon Nov 28, 2011 at 09:49:01 AM PST

      [ Parent ]

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