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Does Capitalism Itself Create Economic Instability or Is Central Banking the Culprit?

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Tags Booms and BustsCapitalismKeynes

09/25/2022Frank Shostak

Post-Keynesians believe that capitalism is internally unstable, leading to necessary intervention by the central bank. Austrians see that as backward reasoning, as policies by the central bank to create credit from nothing is the problem.

Original Article: "Does Capitalism Itself Create Economic Instability or Is Central Banking the Culprit?"

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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: 
Does Capitalism Itself Create Economic Instability or Is Central Banking the Culprit?