Nicolas Cachanosky on Improving Austrian Business Cycle Theory
![The Bob Murphy Show](https://cdn.mises.org/styles/responsive_4_3_650w/s3/static-page/img/BobMurphyPodcast_750x516.png.webp?itok=-9m94GOI 650w,https://cdn.mises.org/styles/responsive_4_3_870w/s3/static-page/img/BobMurphyPodcast_750x516.png.webp?itok=221PKXr7 870w,https://cdn.mises.org/styles/responsive_4_3_1090w/s3/static-page/img/BobMurphyPodcast_750x516.png.webp?itok=VgAOg5HR 1090w,https://cdn.mises.org/styles/responsive_4_3_1310w/s3/static-page/img/BobMurphyPodcast_750x516.png.webp?itok=8b57pbMY 1310w,https://cdn.mises.org/styles/responsive_4_3_1530w/s3/static-page/img/BobMurphyPodcast_750x516.png.webp?itok=qnFaY_Of 1530w)
Economist Nicolas Cachanosky specializes in the overlap between capital theory in traditional economics and the capitalization of cash flows in finance. He explains the relevance of these concepts to understanding the business cycle. Then, Nicolas and Bob have a friendly disagreement over Mises’ views on fractional reserve banking. The conversation closes with Nicolas’ view on central banking policy since the financial crisis of 2008.
For more information, see BobMurphyShow.com. The Bob Murphy Show is also available on iTunes, Stitcher, Spotify, and via RSS.