Overview

You might have been told differently, but most economies today are never actually economically stable. Under current monetary regimes, financial stability is only a temporary phenomenon as economies around the world are in fact inherently unstable by design. Presently, this is the case more so than perhaps ever before. In Money Cycles, the curse of an elastic money supply is explained in detail and its effects on economic progress in general and stock market valuations in particular are exposed. The author presents a comprehensive account of the money creation process, how to compile accurate and relevant money supply aggregates, and how the money cycle is the main determinant of the business cycle. In the final part of the book, the Austrian theory of the business cycle is applied to demonstrate how the money cycle determines stock market booms and the crashes that must follow.

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9781542501484

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