
Ep. 1988 How to Navigate the Fed's Boom/Bust Cycle
The Tom Woods Show
00:00
What Is the Boom Bbuz Cycle?
The business cycle has been with us in a very systematic fashion for more than a hundred years since the feter was created. And i think, as the austrian economists have pointed out, from the time of manger meses and hayak and others, brotport, of course, is that you don't need a central bank to manipulate interest rates. Interest rates should be a market price determined by people's savings. That will give us the opportunity for business people to take the information they have at hand and build their great businesses"
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