Paul Cwik

Paul Cwik, author of "Austrian Business Cycle Theory: An Introduction," simplifies complex economic concepts for students and professors. He critiques mainstream theories for overlooking crucial aspects of business cycles, emphasizing the importance of understanding malinvestment. Cwik also discusses the challenges entrepreneurs face amid market uncertainties due to Federal Reserve policies. He argues for the necessity of allowing bankruptcies for economic recovery, contrasting this with the drawbacks of government bailouts in recent recessions.