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Bob Murphy Explains Austrian Business Cycle Theory, the Inverted Yield Curve, and the Coming Recession

Summary:
Bob Murphy gives a quick explanation of the Mises-Hayek theory of the boom-bust cycle, and how Bob used it to forecast the financial crisis in 2008 a year ahead of time. He then explains the significance of an "inverted yield curve," and shows how the Austrians can understand its predictive power much better than Keynesians ...

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Bob Murphy gives a quick explanation of the Mises-Hayek theory of the boom-bust cycle, and how Bob used it to forecast the financial crisis in 2008 a year ahead of time. He then explains the significance of an "inverted yield curve," and shows how the Austrians can understand its predictive power much better than Keynesians like Paul Krugman can.

For more information, see BobMurphyShow.com. The Bob Murphy Show is also available on iTunes, Stitcher, Spotify, and via RSS.

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