Noted free market economist, Ludwig von Mises, continued to
write and lecture until he was almost 90 years of age. One topic
frequently discussed in his graduate seminar was the theory of the
business cycle. At one session shortly before his retirement, he
had been explaining that the alternating periods of economic boom
and bust, characteristic of the trade cycle, were consequences of
the government's intervention in the economy -- through the manipu
lation of the quantity of m...