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by kiruwa
3674 days ago
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The more severe problem is that there is a rather strong argument being made by the "Mises brand of neoliberal" that the primary cause of these problems is the lack of neoliberalism in the central-banking world. Their argument is essentially that the economy-wide boom/bust paradigm is driven by the motivations of the central banks. Normally individual industries and companies would experience fluctuation, but it would not be nearly as damaging without the central banks attempting to 'synchronize' the economy. |
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