Thursday, September 8, 2011

2 Minute Economic Review

A quick 2 minute review on why we have bubbles, busts, and chaos repeatedly in the financial markets.

It is not the response to the bust that creates a crisis, it the preceding artificial boom created by mal-investments due to governments and central banks intervening in the free market.

For an in depth primer for those new to Austrian economics (real economics) I always recommend Economics In One Lesson, which has just been re-released.

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