The recession of 1990: An Austrian explanation

The recession of 1990: An Austrian explanation Deficit spending and money-supply expansion do not eliminate recessions. Theycause recessions. This fact will never be understood unless economists and government policymakers stop trying to micro-manage the economy, and start studying what their actions are doing to the structure of production. Heavy inflation of the money supply followed by sharp cutbacks change the rules right in the middle of the game for millions of businesses in the economy. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The Review of Austrian Economics Springer Journals

The recession of 1990: An Austrian explanation

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Publisher
Kluwer Academic Publishers
Copyright
Copyright © 1997 by The Ludwig von Mises Institute
Subject
Economics; Public Finance; Political Science; History of Economic Thought/Methodology
ISSN
0889-3047
eISSN
1573-7128
D.O.I.
10.1007/BF02538145
Publisher site
See Article on Publisher Site

Abstract

Deficit spending and money-supply expansion do not eliminate recessions. Theycause recessions. This fact will never be understood unless economists and government policymakers stop trying to micro-manage the economy, and start studying what their actions are doing to the structure of production. Heavy inflation of the money supply followed by sharp cutbacks change the rules right in the middle of the game for millions of businesses in the economy.

Journal

The Review of Austrian EconomicsSpringer Journals

Published: Nov 26, 2006

References

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