The recession of 1990: An Austrian explanation

@article{Hughes1997TheRO,
  title={The recession of 1990: An Austrian explanation},
  author={A. M. Hughes},
  journal={The Review of Austrian Economics},
  year={1997},
  volume={10},
  pages={107-123}
}
  • A. M. Hughes
  • Published 1997
  • Economics
  • The Review of Austrian Economics
  • ConclusionDeficit spending and money-supply expansion do not eliminate recessions. Theycause recessions. This fact will never be understood unless economists and government policymakers stop trying to micro-manage the economy, and start studying what their actions are doing to the structure of production. Heavy inflation of the money supply followed by sharp cutbacks change the rules right in the middle of the game for millions of businesses in the economy.For the last 40 years, government… CONTINUE READING

    Figures from this paper.

    References

    Publications referenced by this paper.
    SHOWING 1-8 OF 8 REFERENCES
    The General Theory of Employment, Interest and Money.
    • 12,557
    • PDF
    The Pure Theory of Capital
    • 521
    The structure of production
    • 77
    Monetary theory and the trade cycle
    • 534
    Prices And Production
    • 822