Von Mises's theory of money and the Austrian business cycle was developed by him in detail by 1928. This theory emphasized the role of the banking system in the expansion of the money supply, the consequent artificial lowering of the interest rate, and the resulting overinvestment. When the money supply reaches the limits of its ability to expand, a depression inevitably follows. With Freddy & Fannie being mortage Pacman, the housing market took a predictable tail spin. Peter Schiff was right.
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scottytnt 1 year ago
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garyru 2 years ago
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amillioncars 2 years ago
Von Mises's theory of money and the Austrian business cycle was developed by him in detail by 1928. This theory emphasized the role of the banking system in the expansion of the money supply, the consequent artificial lowering of the interest rate, and the resulting overinvestment. When the money supply reaches the limits of its ability to expand, a depression inevitably follows. With Freddy & Fannie being mortage Pacman, the housing market took a predictable tail spin. Peter Schiff was right.
cattleprods911 2 years ago
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DrewDownsManagement 3 years ago