Business Cycles

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Kevin Duffy

"The Fed is arsonist and fireman all rolled up into one," says James Grant.

Kevin Duffy

"The Fed is arsonist and fireman all rolled up into one," says James Grant in the latest issue of The Austrian.

Bradley Thomas

An unheralded work on the Austrian business cycle that rivals the work of the greats is Jesús Huerta de Soto’s Money, Bank Credit, and Economic Cycles, which outlines a multistate process of boom and bust. 

Michael Novak

The Skyscraper Index, as Mark Thornton shows, links record-breaking building construction with the business cycle, in a way consistent with Austrian business cycle theory.

Murray N. Rothbard

In The Theory of Money and Credit, Mises provided the basics for the long-sought explanation for that mysterious and troubling economic phenomenon—the business cycle.

Patrick Newman

Quinn’s American Bonds shows that the federal government’s credit policies were important factors behind the particular evolution of securitization and credit markets in the United States.