Quarterly Journal of Austrian Economics
Author:
Mihai Macovei
Online Publish Date:
Quarterly Journal of Austrian Economics 18, no. 4 (Winter 2015) ABSTRACT : The paper aims to defend the general validity of the ABCT against the assumption that the theory does not hold if entrepreneurs are able to anticipate correctly the inflationary effects of a fiduciary credit expansion. Hülsmann (1998) raises this critique and puts forward a