Mises and Hayek
Marx and Keynes
Mises and Schumpeter
Samuelson and Ricardo
Why is the gross domestic product contracting instead of expanding?
Why is there a sudden general cluster of business errors?
Why is unemployment increasing?
Why is inflation increasing at the same time as unemployment?
Inexpensive consumer goods
Bank credit inflation
The inflationary boom
The deflationary bust
The depression recovery
It causes the government to increase spending.
It speeds the market’s adjustment process.
It reduces the amount of unemployment caused by inflation.
It causes housing prices to decline.
Drastically lower its relative role in the economy.
Prevent liquidations and bankruptcies.
Keep wage rates up.
Stimulate consumption and discourage saving.
Gold reserve money and inflation.
Malinvestment and bank credit expansion.
Overinvestment and the assumption of full employment.
Interest rates and underemployment.
Seasonal fluctuations systematically introduce instability into the system.
More gold is always being mined and added to the global money supply.
Banks and governments inflate credit when they can.
The decreasing marginal utility of investment goods.