How to Avoid Depressions? Foster Saving and Investment

Tags: Booms and Busts

01/04/2022 Frank Shostak

Economic depressions are not caused by a strong decline in the money stock, but by a depleted stock of real savings.

Original Article: “How to Avoid Depressions? Foster Saving and Investment“

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Michael Stack.

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.