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Money Creation—Not Low Interest Rates—Is Behind the Boom-Bust Cycle

Summary:
When it comes to understanding business cycles, Austrian school scholars stand on firm ground while critic John Tamny is all at sea. This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros. Original Article: "Money Creation—Not Low Interest Rates—Is Behind the Boom-Bust Cycle"

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When it comes to understanding business cycles, Austrian school scholars stand on firm ground while critic John Tamny is all at sea.

This Audio Mises Wire is generously sponsored by Christopher Condon. Narrated by Millian Quinteros.

Original Article: "Money Creation—Not Low Interest Rates—Is Behind the Boom-Bust Cycle"

Joseph T. Salerno
Joseph T. Salerno is an Austrian School economist in the United States. He is a professor at Pace University, an editor of the Quarterly Journal of Austrian Economics, and Academic Vice President of the Mises Institute. Salerno specializes in monetary theory and policy, comparative economics, and the history of economic thought. Dr. Salerno received his Ph.D. in economics from Rutgers University. His most recent publication is Money: Sound and Unsound.

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