Mending the Meltdown: Fending off the Interventions and Resurrecting the Market

Raj, Madhusudan (2008): Mending the Meltdown: Fending off the Interventions and Resurrecting the Market. Published in: The India Economy Review , Vol. V, No. Quaterly Issue: 31st December 2008 (31 December 2008): pp. 38-44.

Abstract

This paper gives an Austrian economics answer to the present world economic crisis. It uses the Austrian Business Cycle Theory to analyze the root causes of this crisis and then presents the real solution of this problem.

• Item Type: MPRA Paper
• Language: English
• Keywords: Austrian Business Cycle Theory; ABCT; Gold Standard; Commodity money; Federal Reserve; Fractional Reserve Banking; Business Cycle; Time preference; Keynes; Economic meltdown; Financial crisis; Ludwig von Mises; Rothbard; Hazlitt
• Subjects: E - Macroeconomics and Monetary Economics > E4 - Money and Interest Rates > E42 - Monetary Systems ; Standards ; Regimes ; Government and the Monetary System ; Payment Systems; E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit; E - Macroeconomics and Monetary Economics > E0 - General > E00 - General; E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles; G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages

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