Laudato Si
Here is the essential reason I rail against the Federal Reserve on a regular basis. If you want to understand the seminal foundation for Austrian economics, here is your chance. Ron Paul published a basic version of Austrian Business Cycle Theory (ABCT) today in the Wall Street Journal, which is a theory that very capably explains why we have recessions, and why they are the fault of the government and Federal Reserve. In fact, it is a theory that has much more explanatory deductive power than any other theory out there – even internationally so – and it is where overarching macroeconomic anti-corporatism and small-government-ism begins its journey. Behold.
File this one under “something everyone should know”…