The Austrian Way – Part 4

Mises’ Theory of Business Cycles is a balanced economy that brings long term gains for the people anchored into the human ability to interpret the price and value of commodities according to the need of the society. Mises also imposes the gold standard to remove money monopoly. He demotes the idea of central control over prices and interest rates. The Austrian minds believe that having central control over society will eventually lead to long term economic downturns.

The Austrian Way – Part 4

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