Sunday, April 10, 2011

CHAPTER 20: Now that you have learned something about the Federal Reserve System let's take a critical look at the consequeces of trying to manipulate the economics system from the point of view of an Austrian economist. 

Here is Roger Garrison on Austrian Business Cycle Theory (ABCT).

Review Question:  Which do YOU think is a better explanation for our current economic problems: the Keynesian model which suggests we need more deficit spending and extremely low interest rates or the ABCT?

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