As the Federal Reserve engineers one financial bubble after another, we are reminded that the Austrian Business Cycle Theory explains what is happening and how there is a better way.
Ed Bugos
Also on:
Mr. Bugos is a mining analyst, independent investor, and senior analyst at The Dollar Vigilante (an online guide to surviving the dollar crash), with more than 35 years experience in the investment business advising clients on portfolio and trading strategies. The link to the website is: http://dollarvigilante.com
Latest work
“…boom and bust cycles are caused—not by the mysterious workings of the capitalist system—but by governmental interventions in that system.” — Murray Rothbard Another way to put it is that the primary...
Much of government-owned transportation destroys rather than adds to wealth. The lack of a sound system of economic calculation is to blame.
