“In reading Mises I am always struck by how fresh he still reads, and how relevant his analysis of contemporary policy in the first half of the 20th century still is relevant for us at the beginning of the 21st century. Of course, there is the enduring insights that transcend time and place — Mises is the master communicator of the inexorable laws of economics. But he is also full of practical applications of economics to matters of public policy.
One of those issues is his analysis of the “crack up boom” (see Human Action, 426-428).” Read more.
Stylized Facts, Public Policy and the “Crack Up Boom”
Coordination Problem, December 14, 2010.
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