The recession of 1990: An Austrian explanation

  title={The recession of 1990: An Austrian explanation},
  author={Arthur Middleton Hughes},
  journal={The Review of Austrian Economics},
  • A. Hughes
  • Published 1 March 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… 

The Austrian Theory of Business Cycles: Old Lessons for Modern Economic Policy?

  • S. Oppers
  • Economics
    SSRN Electronic Journal
  • 2002
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