Free Market
Author:
Llewellyn H. Rockwell Jr.
Online Publish Date:
The Free Market 26, no. 6 (June 2005) E conomic downturns are precipitated by credit expansions and contractions but monetary policy cannot alone account for the length, breadth, and shape. This is inspired by other factors. So, no, the Austrian theory of the business cycle does not explain the length and breadth of the Great Depression. The