Cyclical Changes in Business Conditions
An artificially stimulated boom must inevitably lead to crisis and depression.
An artificially stimulated boom must inevitably lead to crisis and depression.
Classic: Praxeology: A New Start from Ludwig von Mises — Ch 20-all (pg 137–144) from ASE by Schulak and Unterkofler [2,977]
A policy of currency devaluation can only make things much worse.
Böhm-Bawerk's work inspired a generation.
The question if 2012 is 1980 all over again tells us why returning to gold is imperative.