Kirzner: During the inflationary boom the
seeds of the later disaster are planted.
Grinder: Recessions are necessary after
a bout of overinvestment in capital.
Rothbard: Governments are inherently
inflationary because they create money.
The Austrian School's advice: 'Hands off!'
In economics as in the churches, a time
of troubles is likely to bring a revival of
"the old-time religion," the fundamen
talism of an earlier, less sophisticated
age. With foreca...