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INTRODUCTION by Percy L Greaves Jr
Some Misconceptions of the Mises Cycle Theory
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attempts Austrian School balance of payments banking policy banknotes banks of issue boom borrowers business conditions business cycle capital capitalistic central banks changes Circulation Credit Theory commodity money commodity prices consequences considered consumers continue credit expansion crisis Currency School cyclical policy decline demand for money depression dollars economic effect entrepreneurs expansion of circulation fact factors of production fiduciary media foreign money free market funds German German mark gold exchange standard gold standard Greaves Human Action index number inflation issue of fiduciary loans lower interest rates Ludwig von Mises manipulation market interest rates means metals monetary depreciation monetary policy monetary unit Money and Credit notes paper money political prevail problem profit proposals purchasing power quantity of money rate of interest reduce Reichsbank result rise savings situation stability supply Theory of Money tion trade cycle transactions translation unemployment unhampered market upswing wage rates wealth workers