Monetary manipulation
Writes Murray Sabrin:
The Nobel Prize for Economic Sciences awarded for research on economic stability (“Americans win Nobel for economic stability work,” Oct. 13) raises a question: Why have economists largely ignored Ludwig von Mises, who explained the causes of boom-and-bust cycles more than a century ago?
In his 1912 The Theory of Money and Credit , followed by countless essays, books and monographs, including his 1949 magnum opus, Human Action: A Treatise on Economics , Mises identified monetary manipulation as a fundamental source of economic instability.
Mises explained…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.