Austrian noninterventionism produces permanent rather than temporary austerity

Evidence

Far from encouraging “self-healing,” nonintervention and noncompensation can produce the politics of permanent austerity, as Europe is finding out. Politically attractive to some, especially to antistatist conservatives, such ideas resonate in theory, but they detonate in practice. — Mark Blyth, Austerity, 403

Categorization

• XREF: Directly relevant to Mattei’s account of how anti-Keynesian doctrine translates into durable austerity politics. — connects to: Austrian economics frames recessions as necessary austerity after an interventionist party — Mark Blyth, Austerity: The History of a Dangerous…, 316; Austerity is a permanent structural rule, not a 1970s anomaly — Clara E. Mattei, Escape from Capitalism, 162; Austerity’s real function is permanent structural extraction from many to few — Clara E. Mattei, The Capital Order: How Economists…, 657 (+1 more)

Broader Connections

• Austerity is a permanent structural rule, not a 1970s anomaly #corroborates (0.80) — Clara E. Mattei, Escape from Capitalism, 162
• Austerity’s real function is permanent structural extraction from many to few #expands (0.72) — Clara E. Mattei, The Capital Order, 657