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The Austrian School's advice: 'Hands off'.
- Source :
- BusinessWeek; 8/3/1974, Issue 2342, p40-41, 2p
- Publication Year :
- 1974
-
Abstract
- The article offers information on the theories of the Austrian School, the most fundamentalist of disciplines in modern economy in 1974. In Austrian theory, creation of money frequently results to inflation as the excess pieces of paper chase the constant supply of services and goods. The cause of the Austrian view's cycle is that the government artificially holds the true rate of interest lower than it would otherwise have been.
Details
- Language :
- English
- ISSN :
- 00077135
- Issue :
- 2342
- Database :
- Complementary Index
- Journal :
- BusinessWeek
- Publication Type :
- Periodical
- Accession number :
- 57662921