View source for The Hangover Theory: Are recessions the inevitable payback for good times?/phlogiston

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[[Category:Paul Krugman]]
[[Category:Austrian Business Cycle Theory]]
[[Category:Austrian Economics]]
[[Category:Business Cycle]]
{{Quote
| text = "Austrian theory" of the business cycle -- a theory that I regard as being about as worthy of serious study as the phlogiston theory of fire.
| cite = [[Paul Krugman]], "{{Link |The Hangover Theory: Are recessions the inevitable payback for good times?}}"
}}