2. A Secret History of the Boom and Bust

Tags: Booms and Busts, Free Markets

03/28/2006 Llewellyn H. Rockwell Jr.

Building on the Austrian insight that prices carry indispensable information, Lew Rockwell shows how central bank credit expansion corrupts those signals and drives the boom-bust cycle, tying sound economics to markets, war, and policy.

From Speaking of Liberty, as narrated by the author, pp. 25-40.

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.

Get Your July Rothbard Giveaway Book! The Origins of the Federal Reserve

2. A Secret History of the Boom and Bust