The Austrian school and Lebanon's banking crisis: Time for fundamental reforms

Who embezzled the funds of Lebanese depositors, and how did the deposits “evaporate”?
by Mohamed Tarabay

9 June 2020 | 19:28

Source: by Annahar

  • by Mohamed Tarabay
  • Source: Annahar
  • Last update: 9 June 2020 | 19:28

Clients wearing protective masks line up to use ATM machines outside a closed bank in Beirut, Lebanon. (AP Photo)

The Austrians (short for the Austrian school of economic thought) are staunch believers in free markets and the free enterprise system. The Austrian school is based on the unyielding belief that...
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