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

Do “Technology Shocks” Create the Boom-Bust Cycles?

Tags: Booms and Busts, Central Banks, Money and Banks

11/15/2022 Frank Shostak

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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