What Should Be Don Once the Boom Bust Hits?

Allan greenspan once declared his inability to discern any kind of common pattern between the various boom bust cycles in american history. He said, there is always something different, something that does not look like all the previous ones. There is never anything identical, and it is always a puzzlement. The real villain is the institution of central banking itself. So the austrian theory of the business cycle strongly implies what should be don once the bust hits. It was this policy, which brings artificially lower interest rates in its train, namely, pushing interest rates low, that caused the misdirection of resources into unsustainable lines in the first place. Further misdirection, even if we dignify it with