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I am blaming Murray Rothbard for my writer’s block
I have promised to write an article about monetary explanations for the Great Depression for the Danish libertarian magazine Libertas (in Danish). The deadline was yesterday. It should be easy to write...
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Mario Rizzo on Austrian Business Cycle Theory
Mario Rizzo has an excellent post on Austrian Business Cycle Theory (ABCT). I think Mario do a good job explaining what ABCT is and what it is not. At the centre of Mario’s discussion is that monetary...
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The Austrian bust: HIGHER inflation and relative deflation
I have been thinking about an issue that puzzles me – it is about inflation in an Austrian School style bust. Here is the story. If we think about a stylized Austrian school boom-bust then the story...
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Spain’s quasi-depression – an Austrian ‘bust’ or a monetary contraction? Or...
A couple of days ago I wrote a post on the behavior of prices in the ‘bust’ phase of an Austrian style business cycle. My argument was that the Austrian business cycle story basically is a supply side...
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