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‪"Fear the Boom" - The Austrian Theory of Boom and Bust with Lawrence H. White

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Published on Oct 24, 2010

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In this EconStories mini-documentary, economist and Hayek scholar Lawrence H. White provides an overview of the Mises/Hayek "Austrian" theory of Boom and Bust. Part one focuses on the unsustainability of a boom driven by artificially low interest rates and credit expansion by the central bank (the Fed) beyond the supply of genuine savings.

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