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17min chapter
America's Great Depression | The Twilight of Gold Series | Episode 16 (WiM404)
The "What is Money?" Show
The Relationship Between Borrowing and the Business Cycle
This chapter discusses the Austrian business cycle theory and how borrowing binges by businesses can lead to malinvestment, causing the business cycle. It also analyzes the conflicting forces of genuine prosperity and massive credit expansion during the 1920s and how technology masked the rise in prices.
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