NDLI: An Austrian Defense of the Euro and the Current Antideflationist Paranoia

Content Provider	Springer Nature Link
Author	Huerta de Soto, Jesús
Copyright Year	2014
Abstract	In this paper I defend the euro from the point of view of Austrian economics. Following Mises and Hayek I will try to demonstrate the euro is finally acting as a proxy of the gold standard disciplining politicians and putting a limit to the growth of the welfare state. In order to accomplish this task I will divide my presentation in four different parts: first, I will explain the ideal monetary system according to Austrian economists, and why they have traditionally defended, as second best, a system of fixed exchange rates against monetary nationalism and flexible exchange rates; second, I will analyze the euro is acting as a “proxy” for the gold standard, and why the champion of the free market should support the euro while the only alternative is a return to monetary nationalism; third, I will make some comments on the diverse anti-euro coalition; and fourth, I will analyze the true cardinal economic sins of Europe and especially the fatal error of the European Central Bank, finishing with some concluding remarks comparing the euro vs. the dollar, as well the traditional positions of Hayek vs. Keynes.
Starting Page	5
Ending Page	20
Page Count	16
File Format	PDF
ISSN	01974254
Journal	Atlantic Economic Journal
Volume Number	43
Issue Number	1
e-ISSN	15739678
Language	English
Publisher	Springer US
Publisher Date	2014-12-14
Publisher Place	Boston
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Monetary Policy, Central Banking, and the Supply of Money and Credit: General Mises Hayek Monetary systems The Euro The gold standard European Central Bank Economics general Macroeconomics/Monetary Economics Microeconomics International Economics Public Finance & Economics
Content Type	Text
Resource Type	Article
Subject	Economics, Econometrics and Finance

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
6	Contents and Copyright Issues	Queries related to content curation and copyright issues	content@ndl.gov.in
7	National Digital Library of India Club (NDLI Club)	Queries related to NDLI Club formation, support, user awareness program, seminar/symposium, collaboration, social media, promotion, and outreach	clubsupport@ndl.gov.in
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9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

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