Austrian Business Cycle Theory
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Uploaded by pipmaster1 on May 31, 2011
This is a great and simple explanation of the Austrian Business Cycle Theory. Thomas E. Woods Jr. is a senior fellow at the Mises Institute. Woods does a great job in his lecture; you can watch the whole lecture here:
http://mises.org/media/3108/Why-Youve-Never-Heard-of-the-Great-Depression-of-...
Follow the below links to see more from Thomas Woods and the Mises Institute.
http://mises.org/media/author/424
http://mises.org
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Top Comments
All Comments (8)
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I love Tom's passion. I am a "dumb" learner...i can't tolerate a monotone babbler. Tom is exciting. And explains things beautifully.
2 months ago 2
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O% is too damn high!
4 months ago 7
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Thanks so much for posting! There's no school like the Austrian school! Tom Woods rules. It's amazing how perfectly the Austrian biz cycle theory explains the housing boom and bust.
6 months ago 2
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Thanks, Woods did a great job here. I enjoy listening to his lectures. I wish I could give speeches like that!
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This is a great find: he did a great quick discussion of the theory. Good find.
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"He's having a great old time" (simulate drunk man laying bricks)
deadballo 3 months ago 15
In case any later viewers wonder what he was referring to at the end when he mentions 1920, there was a very severe depression that lasted from 1920-21, but was so short because the Fed and the US govt did not interfere with cheap money and artificial stimulation. Nobody knows about it because it was so short because the Fed and the govt did not take an interventionary course unlike the Great Depression. Tom Woods has written about this a lot.
SirTenenbaum 6 months ago 11