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Four Economic Myths on Euro Crisis by Patrick Barron

We are proud to present a significant contribution on Euro Crisis from Patrick Barron.
Mr. Barron has been a consultant to the banking industry since 1985. He teaches Bank Management Simulation at the Graduate School of Banking, university of Wisconsin, Madison and Austrian Economics at

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The Only Kind of Permanence

The Only Kind of Permanence
 
 
Perhaps the first great lesson of economics, as emphasized by Henry Hazlitt, is that there is no free lunch. The second, courtesy of Frederic Bastiat, is that if it sometimes appears that there is one, it means that