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Money Creation—Not Low Interest Rates—Is Behind the Boom-Bust Cycle

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05/07/2020Joseph T. Salerno

When it comes to understanding business cycles, Austrian school scholars stand on firm ground while critic John Tamny is all at sea.

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Original Article: "Money Creation—Not Low Interest Rates—Is Behind the Boom-Bust Cycle"

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Contact Joseph T. Salerno

Joseph Salerno is academic vice president of the Mises Institute, professor emeritus of economics at Pace University, and editor of the Quarterly Journal of Austrian Economics.

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