Economic Collapse and Austrian Business Cycle Theory
You really ought to know that if the economy collapses it is not the fault of capitalism or free markets. Why? Because they pretty much do not exist. The current economy is a highly statist oriented command-control variety which is moving ever closer to full on collectivisation. So when people call for more government intervention to fix it you really have look at that as completely absurd. The crisis was caused by too much government so now the cure is more of the same? How about we look a the real problem of central banking and the Federal Reserve’s manipulation of interest rates and the money supply? The Austrian business cycle theory provides valuable insight into the reason for these cycles of inflation and then recession. Too bad mainstream economist are largely ignorant of this theory and are completely unaware or understand business cycle causes at all. The public needs to educate themselves to understand this as well.
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