On June 9, 2011 Professor Paul Cwik lectured at the Freedom University: Austrian Economics Summer Seminar. In this video Dr. Cwik discusses the Austrian Theory of the Business Cycle.
This is awesome. They don't teach you this at school or university, yet this explains perfectly how aggregate GDP can appear to bestill going up while everyone is still getting poorer.
This is awesome. They don't teach you this at school or university, yet this explains perfectly how aggregate GDP can appear to bestill going up while everyone is still getting poorer.
evilzzzable 3 months ago 2
great lecture
manfries 5 months ago