Understanding Economic Downturns
Don and Russ discuss Hayek's theory of economic downturns, emphasizing the role of money and the system-wide distortion in investment caused by an increase in the money supply. They also touch on the decline of the Austrian view of business cycle theory and the rise of alternative theories like Keynesianism.In this clip
From this podcast
EconTalk
Don Boudreaux on Macroeconomics and Austrian Business Cycle Theory
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