Ein „Fiat-Geld-Boom“ endet in einer Depression. Deren Kosten können jedoch verringert werden, wenn die Zentralbanken sofort aufhören, die Zinsen zu manipulieren und die Geldmenge auszuweiten.

„The reason why I think that too deliberate striving for immediate usefulness is so likely to corrupt the intellectual integrity of the economist is that …

Der Chefvolkswirt
“I’m an Austrian in economics“
What we can learn from the Austrian school of economics for today’s crisis

Failure of the „liquidationists“ to overcome the Great Depression of the early 1930s prepared the ground for an era of interventionist economic policies. Modern macroeconomics …