The Necessity of Bankruptcy in Economic Recovery

Paul Cwik revisits the podcast to explain his new book, which aims to simplify ABCT for economics students and professors, especially those teaching at the principles level. Dr. Cwik critiques mainstream economic theories for oversimplifying business cycles, arguing that the Austrian theory better explains systemic errors and the boom-bust cycle driven by distorted interest rates. Dr. Cwik's New Book, Austrian Business Cycle Theory: An Introduction: https://Mises.org/HAP468a Roger Garrison's Famous Lecture, "The Austrian Theory of the Business Cycle": https://Mises.org/HAP468b Richard Ebeling's Monograph, The Austrian Theory of the Trade Cycle: https://Mises.org/HAP468c Carilli and Dempster, "Expectations in Austrian Business Cycle Theory: An Application of the Prisoner’s Dilemma": https://Mises.org/HAP468d The Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at https://Mises.org/HAPodFree