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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 Fed's Swap Bailout of the Eurozone

The FedGlobal EconomyInterventionismMonetary Theory

04/10/2012Mises Daily Articles
The highest cost of the Fed policy may be liberty in Europe.
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The Future of the Euro

Booms and BustsGlobal EconomyInterventionism

02/23/2012Mises Daily Articles
The question of who will be paying the bill decides the future of the euro. There are several possibilities.
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Why Is There a Euro Crisis?

Global EconomyInterventionismMonetary TheoryMoney and Banking

11/11/2011Mises Daily Articles
Today's banks are not free-market institutions. They live in a symbiosis with governments that they are financing.
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Three Viennas: Old, New, and Virtual

Austrian Economics Overview

11/08/2011Mises Daily Articles
Austrians today remain connected to a modern-day Mises circle, thanks to the efforts of the Mises Institute and its cutting-edge and effective use of the tools of the Internet. It unites scholars with the public all year round through technology; it succeeds in providing the world with a "virtual"...
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The Tragedy of the Euro

Booms and BustsMoney and BanksValue and Exchange

Presented in Vienna, Austria, on 20 September 2011. Includes an introduction by Douglas E. French.
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