Toss beef cubes with flour. Season to taste with salt and pepper.
Heat oil over medium heat in Dutch oven. Add meat and brown on all sides; drain off fat. Add garlic, broth and tomato paste. Bring to boiling; cover and simmer 1 to 1 1/2 hours.
Add onion, carrots, mushrooms and thyme; season to taste with additional salt and pepper. Cover and simmer 30 minutes or until vegetables are tender.
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