A relatively small mountainous country bordering italy, germany, switzerland, slovenia, hungary, slovakia and the czech republic its capital being vienna.
by mr_magicxp January 13, 2006
Get the Austria mug.(ECONOMICS) when a government has to restructure spending by massively cutting social programs, development programs, and subsidies on basic necessities. Often accompanied by taxes increases, especially on lower incomes (since the poor cannot escape tax hikes).
Usually we use the term "austerity program" when the government in question has to backtrack on its ideological commitments. An example of this is France, after June 1982. The Socialist government of Mitterrand had just implemented a raft of major new social welfare programs, and was promptly forced to cut everything back when the deficit ballooned.
by Abu Yahya May 5, 2010
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by JewFire69 May 15, 2016
Get the Austrian Popsicle mug.The Austrian gas pump is when You feed your girl large quantities of food, and she is so full of food that she needs to shit a lot. Then you fuck her in the ass and the shit explodes causing it to go all over you shirt, pants, and dick.
by Jmoney0x0 July 3, 2022
Get the Austrian gas pump mug.Extremely high-quality marijuana. This term carries more weight when used by someone who actually traveled to Amsterdam and sampled their fine cannabis for him/herself.
by dazed.konfuzed June 16, 2010
Get the Amsterdank mug.Airline pilot of Australian origin that actually knows it all, and is happy to remind you on your lack of knowledge, or his level of expertise .
Often found in preflight briefing rooms whilst the rest of the crew have already departed.
Many have graduated magna cum lauda from the Uppercumbucca Flight Acadamy.
Often found in preflight briefing rooms whilst the rest of the crew have already departed.
Many have graduated magna cum lauda from the Uppercumbucca Flight Acadamy.
I had a great sim session with an Austranaut, he kept correcting the instructors mistakes, no pressure on me.
The captain was in touch with his inner Austranaut , everyone fell asleep during briefing.
The captain was in touch with his inner Austranaut , everyone fell asleep during briefing.
by Dickie777 May 23, 2019
Get the Austranaut mug.A school of economics advocating free markets. It was founded by Austrians who were called Austrians as a pejorative by Germans, who considered themselves more civilized because of their modern, socialist state (via Bismark). Later, the Austrian economists left Austria, some not before the civilized Germans took over Austria (via Hitler). They came to America, and were still called Austrians, Probably because of their funny mustaches and names.
Austrian Economists include Mises, Hayek, and Rothbard. Say those with a straight face.
Not to be confused with Chicago School economists Knight, Friedman, and Sowell. These names are more sober.
Arch enemies inside academia and out include Keynesians, politicians, and corporatists. Doing the right thing tends to put these people out of a job.
The economic theory warrants the end of the Fed and a return to sound money. A general lack of government intervention, which would allow individuals to make their own choices and organize from the bottom-up. Austrian Econ entails everything the motivational speakers at your high school say (individualism, making choices for yourself, making sure to choose good friends), but applied everywhere. How could both groups be wrong?
Austrian Economists include Mises, Hayek, and Rothbard. Say those with a straight face.
Not to be confused with Chicago School economists Knight, Friedman, and Sowell. These names are more sober.
Arch enemies inside academia and out include Keynesians, politicians, and corporatists. Doing the right thing tends to put these people out of a job.
The economic theory warrants the end of the Fed and a return to sound money. A general lack of government intervention, which would allow individuals to make their own choices and organize from the bottom-up. Austrian Econ entails everything the motivational speakers at your high school say (individualism, making choices for yourself, making sure to choose good friends), but applied everywhere. How could both groups be wrong?
"Krugman has a bad case of apoplithorismosphobia."
"Well Bernanke is the one who won't stop debasing the dollar."
"If only they understood Austrian Economics. Then they would appreciate time preference and the history of failure for all fiat currencies."
"Well Bernanke is the one who won't stop debasing the dollar."
"If only they understood Austrian Economics. Then they would appreciate time preference and the history of failure for all fiat currencies."
by CAPSLOCKE November 20, 2013
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