The Business Cycle Theory

The business cycle theory is crucial for people to understand a lot of things, the mal distribution of income and the cycle of employment. It bears on what the fete is doing right now, how the fetis is just continues to pump tremendous amounts of money into the economy month by month. And that is causing businesses to miscalculate, to produce the wrong things - it's also distributing wealth arbitrarily. We endured this t we had a particularly er case of a bust following one of these artificial booms back in two thousand eight. You really could count on one hand the number of non austrian economists who predicted there were any problems.