You may have heard about the Austrian School’s free-market explanation of why the economy moves in a boom-bust cycle, but in this episode I walk you through it step by step. Conclusion: End the Fed!
Thomas E. Woods, Jr., is the 2019 winner of the Hayek Lifetime Achievement Award from the Austrian Economics Center in Vienna. He is a senior fellow of the Mises Institute and host of The Tom Woods Show, which releases a new episode every weekday. Visit https://tomwoods.com