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Contrary to mainstream economists, credit expansion that is not backed by real savings leads ultimately to an economic downturn.

Contrary to mainstream economists, credit expansion that is not backed by real savings leads ultimately to an economic downturn.

Contrary to mainstream economists, credit expansion that is not backed by real savings leads ultimately to an economic downturn.

Do Austrian theories also apply to financial markets?

Do Austrian theories also apply to financial markets?

Do Austrian theories also apply to financial markets?

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Praxeology is the key to understanding economic relationships. While Ludwig von Mises emphasized human action while making economic observations, Christian philosopher Francis…

Praxeology is the key to understanding economic relationships. While Ludwig von Mises emphasized human action while making economic observations, Christian philosopher Francis…