A Reconsideration of the Austrian Theory of Industrial Fluctuations
Published in Economica, May 1940.
Published in Economica, May 1940.
Loan banking is non-inflationary. Interest rates on loans are merely reflective of price spreads. All speculation, on the free-market, is self-correcting and speeds adjustment, rather than cause economic trouble.
Richard H. Timberlake A Critique of Monetarist and Austrian Doctrines on the Utility and Value of Money Adobe Acrobat 6.0 Paper Capture Plug-in
Brian Snowdon, Howard Vane, and Peter Wynarczyk, A Modern Guide to Macroeconomics:
From The Review of Austrian Economics, Vol. 3, 1989.