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Do "Technology Shocks" Create the Boom-Bust Cycles?

Audio Mises Wire

Tags Booms and BustsCentral BanksMoney and Banks

11/15/2022Frank Shostak
Narrator: 
Michael Stack

The 2004 Nobel Prize in economics was awarded to two economists for their claim that "technology shocks" cause boom-bust cycles. They have it wrong.

Original Article: "Do "Technology Shocks" Create the Boom-Bust Cycles?"

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Contact Frank Shostak

Frank Shostak's consulting firm, Applied Austrian School Economics, provides in-depth assessments of financial markets and global economies. Contact: email.

Original Article: 
Do "Technology Shocks" Create the Boom-Bust Cycles?