It is critical for everyone to understand Austrian Business Cycle Theory because it affects everything. The main idea is rather simple while some of the details are a bit more hard to understand. Austrian Business Cycle theory simply states that booms and busts exist and that they are not unpredictable market phenomena. They are in fact very predictable because they are caused by an outside agency (central banks in most cases). This allows the average person to avoid massive monetary losses by allowing them to identify bubbles before they pop such as the dot com bubble and the housing bubble. This also allows the average person to make huge profits because they can identify the next bubble at the ground floor and place their money there before the public enters that particular bubble sector in mass.
Here is the famous Peter Schiff video where he predicts exactly how the crash of September 2008 happened (started in sub-prime, spread to the rest of the housing sector and then finally to the financial sector). My favorite part is how he takes on Art Laffer (creator of the famous Laffer Curve which absurdly proposes that lower taxes bring in more tax revenue; this idea is actually believed to be true by people you may have heard of such as Sean Hannity.) Laffer is also one of the most well known of the Reagan era supply side economists that act like they are free market but, as demonstrated in this video, are actually just soft keynesians.
Here is an explanation of the Austrian Business Cycle from an academic perspective:
Here are some more brief versions:
Your kindness and thoughtfulness has been noticed by many. I will cherish it throughout my life.
How can we show our gratitude enough for all you’ve done? We’re forever grateful.
I am truly grateful for you.
Sincere gratitude.
Your blog was a great supplement to my knowledge. Thanks!
Thanks for your role as an example of information in your field.
If you could see my face right now, you’d be able to see the expression of appreciation.
I appreciate the stimulating content that you regularly provide.
Your thoughtfulness is not going without being noticed. It will be with me for the rest of my life.
Thanks for providing a trusted source of information on this topic.
We would like to express our gratitude for all your assistance right now.
My birthday was an unforgettable day.
We appreciate your being kind.
Thank you for the amazing effort that you put into this blog post.
You have been incredibly helping me through this difficult period. I wouldn’t have been able to get through it without you.
Lottery Defeater Software is a digital tool designed to assist individuals in improving their chances of winning in various lotteries.
I appreciate the new perspective you provided to the subject.
The world is blessed with having someone like you who is always standing in the midst of others.
I am extremely grateful to you for all your help with this effort.
It was a wonderful dinner.
Ikaria Lean Belly Juice is a fast-acting weight loss supplement that is developed to incinerate stubborn fat.
This was very thoughtful of you. What can I do to be able to repay you?
I am grateful from the bottom of my heart.
I’m not sure what I would do without you. I’d like never to discover!
What Is FitSpresso?The 100 natural formula is formulated using a potent blend of 6 ingredients.
DentiCore is a dental and gum health formula, made with premium natural ingredients.
I am always thought about this, appreciate it for posting.
This piece of writing is in fact a good one it helps new internet viewers, who are wishing for blogging.
Hola! I’ve been following your site for a long time now and finally got the courage to go ahead and give you a shout out from Lubbock Tx! Just wanted to tell you keep up the fantastic job!
It’s not my first time to go to see this site, i am visiting this site dailly and take nice information from here everyday.
Great blog you’ve got here.. It’s hard to find high quality writing like yours these days. I truly appreciate people like you! Take care!!
It’s an remarkable piece of writing designed for all the internet viewers; they will take benefit from it I am sure.