Austrian Business Cycle Part 3 of 3

[Boozbazz]

I've been looking for a quick, to the point description of the theory for awhile and you provided it. I've spent a lot of time reading and watching videos that talk *about* the theory, but don't explain *what* the theory is! Thank you for explaining it.

What did you read to understand the theory? Now that you understand it, and have made an effort to teach it, what has been your next step? Has this discovery pointed you in new directions of research to build upon what you have now learned?

[shakaama]

I could give you my list of reading, but it is a long list of rather boring books. Also I have a liberal arts degree in political science, plus extensive college studies in economy, and accounting.

[Boozbazz]

I didn't just randomly stumble upon your video, and I've been investigating this path for awhile too. To come to someone who's ahead of me and get the "Holier than thou" is a little disappointing. :-/

[shakaama]

you totally read that wrong. don't read into the answer. as you can tell from my video, i'm a very easy going and FRIENDLY guy.

I was simply listing where i got my knowledge: books and i have a degree. that's it! straight and simple.

If you want the list of book i'd be happy to list them for you, although, honestly they are soooo boring. I could only take them in small doses.

I looked over your channel too :)

[shakaama]

if you thought i was being mean, i wasn't trying to be. I apologize if it came across like that.

[Boozbazz]

Oh I must have just misunderstood you. Thanks for clearing that up for me :) I'll pass on the list of books to read. I think I've got a pretty good idea of how the theory works now. Thanks again for your explanation, it worked well!

[Boozbazz]

I like how well you explain things in layman terms. I enjoyed these videos, do you have any recommended reading that explains things in good layman terms?

[shakaama]

LOL

absolutely not. what I'm reading is beyong dry, beyond boring, beyond technical. And this cycle is discussed on t.v. but the reporters are not experts in the field they report on and don't even know what the austrian school is. So no one describes what's fact and what's theory and how the system is supposed / should work vs the farce we have.