Boom-Bust Cycles are Not in the Nature of Things (Review of \"Meltdown. A Free-Market Look at Why the Stock Market Collapsed, the Economy Tanked, and Government Bailouts Will Make Things Worse\", by Thomas E. Woods Jr.)

Focused especially on the causes, Woods elegantly discovers in the tradition of the Austrian School of economics that the main culprit for the creation of crises is the monetary system’s nature. As he goes, this is a system that allows a process of artificially expanded money supply which necessarily leads to the general increase in the price level (inflation) that erodes the purchasing power of people’s money.

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Year of publication:	2014
Authors:	Andreas, Stamate-Ştefan
Published in:	Revista OEconomica. - Societatea Romana de Economie - SOREC. - 2014, 02
Publisher:	Societatea Romana de Economie - SOREC
Subject:	crisis \| money \| bailout \| depression

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Extent:	application/pdf
Type of publication:	Article
Classification:	B53 - Austrian ; E31 - Price Level; Inflation; Deflation ; E32 - Business Fluctuations; Cycles ; E42 - Monetary Systems; Standards; Regimes; Government and the Monetary System ; f44 ; H81 - Governmental Loans, Loan Guarantees, and Credits
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010965589