📰 Source: youtube | misesmedia

✍️ Original author: misesmedia

⬆️ score: 762

Why do booms turn into busts?

Murray Rothbard argued that the answer begins with money and credit. Artificially cheap credit can fuel the boom, distort investment, inflate asset prices—and eventually set the stage for the bust that follows.

This September, we’re giving away Murray N. Rothbard’s Economic Depressions: Their Cause and Cure for free.

Learn why Rothbard believed the crash is not the original disease, but the painful correction of distortions created during the boom.

Get your free copy at mises.org/giveaway.

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