The current economic recovery has too much in common with the last boom, complete with pockets of malinvestment, absurd but sector-specific price increases, vast amounts of public and private debt, artificially low interest rates, a boom in big go
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Rooted in the tradition of Carl Menger and Ludwig von Mises, as well as Murray Rothbard and F.A.
Every government-based stimulus that has ever been tried has failed. This one is no different except that the failure might end up even more catastrophic.
Only the Austrian perspective on economics can provide a credible accounting for what has happening to the monetary system, the banking system, the housing market, and the entire financial sector.
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