Money Creation—Not Low Interest Rates—Is Behind the Boom-Bust Cycle

05/07/2020 Joseph T. Salerno

When it comes to understanding business cycles, Austrian school scholars stand on firm ground while critic John Tamny is all at sea.

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.

Original Article: “Money Creation—Not Low Interest Rates—Is Behind the Boom-Bust Cycle“

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.