Business Cycles

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Llewellyn H. Rockwell Jr.

It’s time that we question the very foundations of this war on recession. The recession is a regrettable but inevitable backlash against a boom that was not justified by the fundamentals.

Christopher Westley

The problem for free-market economists is that their policy recommendations at the dawn of recession are not too sexy to the political mindset. They involve either doing nothing to hinder price adjustments, or actively removing extra-market barriers to price adjustments that already exist. This often involves short-term pain in exchange for long-term solutions, when politics rewards short-term solutions that result in long-term pain.

Clifford F. Thies

When used with discretion, debt can be a good thing. But many of us individually, and we as a society, can have too much of a good thing.

Jim Bradley

Not only has the Austrian Business Cycle Theory described the real world, but only Austrians have a cure for the problem.