Austrian Economics Newsletter
Author:
Jeffrey M. Herbener
Online Publish Date:
papers. Leaving Austria was traumatic for Mises. Together with the political and economic trends of the late 1930s, it could have meant the end of the Austrian was amazed at the mysterious fact that our economy has sustained high levels of growth while still not triggering inflation. This idea that growth “triggers” the business cycle has been abolished and we’ve entered a new era of permanent economic growth. I find all this alarming. The favorable present economic climate