Is laissez-faire a form of nihilism?
Roger Garrison calls our attention to this fascinating post
Business Cycles
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9. Inflation and the Business Cycle: The Collapse of the Keynesian Paradigm
From the book For A New Liberty: The Libertarian Manifesto, as narrated by Jeff Riggenbach.
A Reconsideration of the Austrian Theory of Industrial Fluctuations
Published in Economica, May 1940.
10. Banking and the Business Cycle
Loan banking is non-inflationary. Interest rates on loans are merely reflective of price spreads. All speculation, on the free-market, is self-correcting and speeds adjustment, rather than cause economic trouble.
Times Are Hard: On the Causes of the Business Cycle
It's been said that the Fed's job is to take away the punch bowl once the party gets going. But Gene Callahan writes the Fed had filled it in the first place.
