Tag Archives: Money & the Trade Cycle

Leverage – The Loose Joint Which Makes The Trade Cycle Inevitable

Credit and leverage are at the heart of Friedrich Hayek’s conception of the boom and bust cycle.  In the current crisis leverage and credit are receiving a good bit of attention — and even a few economists are beginning to take notice of their significance.  … Continue reading

Posted in Boom & Bust, Monetary Theory, Money & the Trade Cycle | Tagged | 1 Comment