Saturday, April 11, 2020

Accelerating Money Supply Growth and the Business Cycle

Murray Rothbard
Troy Christensen emails:
I've only been able to find one reference attributed to Friedrich Hayek where an explanation is provided about the acceleration of the money supply driving the boom in Austrian Business Cycle Theory.  I've read ABCT materials and I think I've got a good understanding for a lay person, but I would love to see a better or deeper explanation regarding the growth acceleration as the driver of the boom phase, and how the slowed growth rate leads to the bust.  Are you aware of any literature that develops this point in more detail?
This is an easy one:

Murray Rothbard 


1 comment:

  1. Does it still apply when the Federal Reserve is intervening in every market? They are not allowing anything to cycle.