|
CNBC: Here's Why the Fed Plan Is Failing: We’re All Austrians NowBy: John CarneyCNBC Nov. 24, 2010 |
Popular 
Bill Kristol: My Fellow White Americans Are 'The Enemy'
Biden's Lebanon Envoy, Ex-Israeli Soldier Amos Hochstein, Gave Israel 'Green Light' to Invade Lebanon
Israel Detains American Journalist for Reporting on Damage from Iran's Strikes [UPDATE]
Journalist Jeremy Loffredo Released After Four Days in Israeli Detention, Ordered Not to Leave
WATCH: New Film 'Atrocity Inc' Exposes How Israel Lied About October 7th to Justify Genocide
 It’s no accident that Austrian economics is newly popular. It provides the best explanation for the business cycle we just lived through. But the resurgent popularity of Austrian economics may actually be hampering the ability of the Federal Reserve to reflate the economy with low interest rate policies. Businesses, now aware of the dangers of a low inflation- sparked economic bubble, may simply be refusing to fall for the age-old boom-bust trap. The Austrian theory of business cycles is rather straightforward: Read More 
|
