Business Cycles

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Douglas French

Austrian business cycle theory points out that easy money leads to malinvestments. Once easy money disappears, the crash begins. Time to clean up malinvested assets.

Jon Wolfenbarger

While the Biden White House claims we are on a steady course of prosperity, the more realistic future is that of a global recession.

Frank Shostak

At the heart of Keynesian business cycle theory is the so-called liquidity trap. Contra Keynes, however, economies don't falter because a sudden increase in the demand for money.