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Home | Library | The Monetary or Circulation-Credit Theory of the Trade Cycle

The Monetary or Circulation-Credit Theory of the Trade Cycle

  • Audio Mises Daily
June 11, 2010

Tags Business CyclesMonetary TheoryMoney and BankingValue and Exchange

The British Currency School did not criticize the multifarious projects to lower or abolish interest by means of a banking reform. They tacitly ratified the naïve presumption of money's neutrality, and many decades passed before the spell was broken, writes Ludwig von Mises (1881–1973).

This audio Mises Daily is narrated by Jeff Riggenbach.


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