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Philipp Bagus

Tags Financial MarketsMoney and BanksBusiness CyclesMonetary TheoryMoney and Banking

Works Published inSpeeches and PresentationsMises Daily ArticleThe Journal of Libertarian StudiesQuarterly Journal of Austrian EconomicsThe Free MarketLibertarian Papers

AwardsO.P. Alford III Prize in Political Economy

Philipp Bagus is professor of economics at Universidad Rey Juan Carlos. He is a Fellow of the Mises Institute, an IREF scholar, and was awarded the 2011 and 2017 O.P. Alford III Prize in Libertarian Scholarship, the Ron Paul Liberty in Media Award 2003, the Templeton Fellowship Award of the Independent Institute in 2008, and the Ludwig-Erhard-Forderpreis 2016. He is the author of The Tragedy of the Euro and coauthor of Deep Freeze: Iceland's Economic CollapseThe Tragedy of the Euro has so far been translated and published in Greek, German, French, Slovak, Polish, Italian, Romanian, Finnish, Spanish, Portuguese, British English, Dutch, Brazilian Portuguese, Bulgarian, and Chinese. He is also author of In Defense of Deflation, and co-author with Andreas Marquart of Blind Robbery: How the Fed, Banks and Government Steal Our Money and of the German language book Wir schaffen das alleine - warum Kleinstaaten einfach besser sind. Visit his website at

All Works

The Eurocrisis

Booms and BustsGlobal EconomyMoney and Banks

This lecture by Philipp Bagus was presented at the 2012 Mises University in Auburn, Alabama.
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Passing the Bailout Buck

Financial MarketsGlobal EconomyInterventionism

06/15/2012Mises Daily Articles
Is TARGET2 really just an undercover bailout system for unsustainable living standards in Europe's periphery?
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The Danger of External Debts

Global EconomyInterventionismMonetary TheoryMoney and Banking

06/05/2012Mises Daily Articles
High public (external) debts and persisting import surpluses are signs of a weak currency.
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Is There No Escape from the Euro?

Free MarketsGlobal EconomyInterventionismMoney and Banking

04/23/2012Mises Daily Articles
As important as it is to dissolve the euro, there are significant exit problems.
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The Eurozone: A Moral-Hazard Morass

Free MarketsGlobal EconomyInterventionismMoney and Banking

04/17/2012Mises Daily Articles
The costs and risks of remaining within the European Monetary Union (EMU) are already immense and rising.
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