Mises Wire
Author:
Joseph T. Salerno
Online Publish Date:
King Banaian’s post at Liberty&Power presents a caricature of Austrian Business Cycle Theory that neither the quiz nor any Austrian could embrace. He writes that he is “unpersuaded that the length and severity of the Depression was due to wildly overexpansionary monetary policies in the 1920s.” The quiz question number 16 makes no such claim.