It is critical for everyone to understand Austrian Business Cycle Theory because it affects everything. The main idea is rather simple while some of the details are a bit more hard to understand. Austrian Business Cycle theory simply states that booms and busts exist and that they are not unpredictable market phenomena. They are in fact very predictable because they are caused by an outside agency (central banks in most cases). This allows the average person to avoid massive monetary losses by allowing them to identify bubbles before they pop such as the dot com bubble and the housing bubble. This also allows the average person to make huge profits because they can identify the next bubble at the ground floor and place their money there before the public enters that particular bubble sector in mass.
Here is the famous Peter Schiff video where he predicts exactly how the crash of September 2008 happened (started in sub-prime, spread to the rest of the housing sector and then finally to the financial sector). My favorite part is how he takes on Art Laffer (creator of the famous Laffer Curve which absurdly proposes that lower taxes bring in more tax revenue; this idea is actually believed to be true by people you may have heard of such as Sean Hannity.) Laffer is also one of the most well known of the Reagan era supply side economists that act like they are free market but, as demonstrated in this video, are actually just soft keynesians.
Here is an explanation of the Austrian Business Cycle from an academic perspective:
Here are some more brief versions:
You are among my most kind people I have met.
Are you aware of the limitations to your generousness?
Your kindness and thoughtfulness has been well-received. I will cherish it throughout my life.
I am grateful to you for all your help with this project.
Oh my goodness! a tremendous article dude. Thanks However I am experiencing challenge with ur rss . Don’t know why Unable to subscribe to it. Is there anybody getting identical rss downside? Anybody who knows kindly respond. Thnkx
Helpful information. Fortunate me I found your web site accidentally, and I am surprised why this twist of fate didn’t happened earlier! I bookmarked it.
Hello to all, it’s really a fastidious for me to pay a quick visit this web page, it includes helpful Information.
Your house is valueble for me. Thanks!…
I’m so happy to read this. This is the kind of manual that needs to be given and not the accidental misinformation that’s at the other blogs. Appreciate your sharing this best doc.
Thanks for another informative web site. Where else could I get that kind of information written in such a perfect way? I’ve a project that I’m just now working on, and I have been on the look out for such information.
Thank you for another informative web site. Where else could I get that type of information written in such an ideal way? I’ve a project that I am just now working on, and I’ve been on the look out for such info.
I liked up to you will receive performed right here. The cartoon is tasteful, your authored subject matter stylish. however, you command get bought an shakiness over that you wish be delivering the following. unwell no doubt come more previously again since exactly the same just about a lot regularly inside case you shield this hike.
Hi there, I discovered your website via Google while searching for a similar matter, your web site came up, it seems great. I’ve bookmarked it in my google bookmarks.
If anyone deserves to be acknowledged It’s you.
166038 289747The other day, while I was at work, my sister stole my iPad and tested to see if it can survive a 30 foot drop, just so she can be a youtube sensation. My apple ipad is now broken and she has 83 views. I know this is entirely off topic but I had to share it with someone! 636589
I am thankful for your assistance in this effort.
I like the new perspective you offered to the subject.
Your blog was a treasure trove of information. Thank you!
The world is fortunate to have a person like you, who’s always there for everyone else.
I’d like to be able to share the joy I’m feeling at the moment.
You are deserving of recognition for the kindness that you’ve shown me.
Your article was enjoyable to read. Thanks for sharing!
I am grateful to you with the sincerest of my thoughts.
I am grateful for your thoughts and actions. It’s not often that I’m able to experience this generosity.
You truly are a blessing.
I’m very happy that you’ve made that comment!
If you could look into my face right now, you’d be able to see the expression of thanks.
It could be that you are able to read my thoughts because your talent is exactly the one I was searching for.
Youre so cool! I dont suppose Ive read anything like this before. So nice to seek out any person with some authentic thoughts on this subject. realy thanks for starting this up. this website is one thing that’s needed on the internet, somebody with a little bit originality. useful job for bringing one thing new to the web!
Thank you me for the opportunity to consider me. You have brightened my day.
I appreciate the thought-provoking nature of your writing. Thank you!
I’m thankful for the depth and details in your blog post.
The present you presented me was an inspiration to my brain since the gift you gave me is exactly the exact thing I was looking for.
You’re among the most generous individuals I’ve ever met.
The food was amazing.
Yours is the most beautiful and amazing thing that’s ever happened to me. I’m so lucky!
We appreciate you being such a trusted expert in the field.
How can we say enough thanks for all you’ve done? We’re forever grateful.
Thank you so much for thinking of your time and effort to show kindness.
You make my life more enjoyable.
I like the practical ideas that you discussed.
I am truly grateful to you.
Thank you so much for thinking of your time and effort to show kindness.
The world is blessed with people who share our values who stand by the needs of those around them.
Thank you for considering myself and taking your time to be nice.
Beyond the words “thanks,” I hope that you feel my appreciation and my gratitude for a long time.
Your article added tremendous value to my day. I am grateful to you!
I’d like to express my appreciation to you for your help and concern.
The present you presented me was an inspiration to my brain since the gift you gave me is exactly the exact thing I was looking for.
You’ve chosen the ideal present for me.