Rick Santelli is right again as well as Peter Schiff. This is more reasoning, and I love it when Rick Santelli goes off in the way that he does. 523 more words
Tags » Austrian Business Cycle Theory
I find it surprising that so many concentrate on rational expectations when discussing Austrian business cycle theory (ABCT). Is Austrian business cycle theory the only modern business cycle theory that must reach such a high bar? 402 more words
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I believe that the Austrian business cycle theory is correct as a matter of logic, but we need a lot more detailed empirical work before we can know just how quantitatively significant it is.