<blockquote>'..[Krugman] fails to consider the actual fiscal policy of Britain during the Great Depression.
..
Indeed, it is truly sad that many economists have advocated bad policies, and Britain and other governments have continued to raise taxes and run large budget deficits despite experience that cutting spending in Britain worked better. It's also truly sad that some economists in describing this history have experienced "willful amnesia." For instance, Krugman
says that he has read Lionel Robbins's
The Great Depression (1934), but he apparently forgot (or ignored) Robbins's contention that Britain balanced its budget in 1931 — that is, before the economic recovery.<a href="[
mises.org];[4]</a>'
- Sean Rosenthal,
Krugman and British Austerity, March 07, 2012</blockquote>
Context<blockquote>'The true nature of the current crisis .. a financial system based on fractional reserve banking..' - Prof. Philipp Bagus (
Context)
'Historical Violations of the Legal Principles..' - Jesús Huerta de Soto (
Context)
(Banking Reform - English/Dutch) '..a truly stable financial and monetary system for the twenty-first century..'</blockquote>