Mises Wire

Home | Blog | And we can't have that

And we can't have that

November 19, 2010

An article over at The Economist comments on the Austrian business-cycle theory.

The article states, “The Austrians may have said smart things about the boom, but what about the bust? One criticism is that the Austrians offered a ‘counsel of despair’, suggesting that the authorities do nothing while a crisis blows itself out.”

The authorities do nothing? According to The Economist, we can’t have that.

Follow Mises Institute

Add Comment