White on Austrian business cycle theory, Thoma on US muddle-through

The next few weeks are critical for the bond giant as pension consultants are recommending clients withdraw their money from Pimco funds; specifically, those once managed by Bill Gross. Erin weighs in. Lawrence White, author and professor of economics at George Mason University, discusses Austrian economics. Mark Thoma, professor of economics at the University of Oregon and blogger at Economist’s View, talks about the US economy and its fiscal drag. And in the Big Deal, Erin and Edward Harrison review the US automobile industry.

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