Essential Austrian Economics: Business Cycles

Why do economies experience booms and busts? Well, according to the Austrian school of economics, one of the reasons is central banks actively intervening to change interest rates from what they would otherwise be. When central banks lower interest rates relative to the actual amount of savings, it artificially stimulates investment that is not sustainable. Watch this video to learn more, and visit www.essentialaustrians.org.

[@jwestin6178]

Thank you so much for providing this vital information for free

[@Chillaxinmellow]

Ron Paul led me to this & these videos are spectacular because of how clear & concise they are

[@chrisloukas9632]

I just finished reading the book and it was a great and very informative read. Thank for the free material!

[@dnickaroo3574]

Large numbers of Homeless Australians are living in Tents in Parks. This has only occurred over the last 3 to 4 years, when Australia depended more on the US Economy. In the past, Australia traded with Asia - China used to be our largest Trading Partner. NOTHING to do with Austrian Economics - but WHO is to become the NEXT American ENEMY.

[@stlouisix3]

Excellent

[@williamdevonshire356]

nice

[@econotime]

Uma pena ter so 1500 views

[@zaelu]

these people are delusional

[@TheDarknightRemix]

*correct

[@TheVoiceTalk]

Great rebuttal lol

[@MessiGoat-oo8rv]

@@natesgreatshow1634 Austrian economists are

[@natesgreatshow1634]

what people ( miss on the deleat)

[@Anti-CornLawLeague]

There was no central bank in America in 1873, but the Long Depression still happened. How do Austrians explain that?

[@STPhilips6453]

looks like they were trying out a new national banking system during that time and inflating the money supply: mises.org/library/depression-1873-1879-austrian-perspective

[@Sajutzi]

Read the creature of Jekyll Island. Every single time any government tried to play with the monetary system - a crash happened

[@TyyylerDurden]

No central bank, but the government still intervened in the banking system.