Principles of Monetary & Financial Sustainability and Wellbeing in a post-COVID-19 World: the crisis and its management review
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2021
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MDPI
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This paper analyses the COVID-19 crisis and its management, under the Austrian Economics.
The attention is focused in the States’ coercive intervention, to evaluate the positive or negative
effects of pandemic, according to the Principles of Political Economy and the theory of capital
and economic cycles. The paper examines the specific case of massive intervention by governments
and, especially, central banks in monetary and financial markets to deal with the pandemic by seeking
to lessen its effects. Also, it is offered a critical analysis on simultaneous government policies
involving taxes and an increase in public spending which are presented as the panacea and universal
remedy for the evils that afflict the society, instead of promoting the transit to Wellbeing Economics.
To conclude the review, there is a proposal of paradigm review, in the way to offer a sustainable
model.
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Huerta de Soto, J.; Sánchez-Bayón, A.; Bagus, P. Principles of Monetary & Financial Sustainability and Wellbeing in a Post-COVID-19 World: The Crisis and its Management. Sustainability 2021, 13, 4655.
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