Inflation: Roots of Evil
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Автор | | Lawrance George Lux |
Издатель | | Cambridge University Press |
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Содержание:
Introduction: The Austrian Theory in Perspective, The "Austrian" Theory of the Trade Cycle, Money and the Business Cycle, Economic Depressions: Their Cause and Cure, Can We Still Avoid Inflation?, The Austrian Theory: A Summary
Описание:
Inflation flows through every modern technological economy. Most accept it complacently; enjoying the increase in personal income, ease of Debt repayment, and the aggregation of Wealth through Property appreciation. None realize Inflation is nothing more than the monetary reflection of economic misallocation. This misallocation, left to itself, always brings Recession when the imbalance reaches the sufficient magnitude. Proper Reallocation comes with layoffs and loss of Personal Income. Correct Economic policy could forestall resource misuse, and eliminate Recessions.Похожие книги