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To: Don Lloyd who wrote (20)3/19/2001 3:35:33 PM
From: Ilaine  Read Replies (3) | Respond to of 443
 
The way I understand von Mises and Austrian economics, boom/busts are not caused by rational market activity but artificial market activity caused by government intervention.

newaus.com.au

newaus.com.au

The problem with Austrian economics, like all libertarian ideas, is that no one really knows how they work because they've never been tried. The gold standard can't work when the exchange rate is regulated, and the exchange rate is always regulated.