Episode 55
Austrian Business Cycle Theory, the Inverted Yield Curve, and the Coming Recession
The Bob Murphy Show · Mises Institute
September 3, 2019
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Show Notes
Bob Murphy gives a quick explanation of the Mises-Hayek theory of the boom-bust cycle, and how Bob used it to forecast the financial crisis in 2008 a year ahead of time. He then explains the significance of an "inverted yield curve," and shows how the Austrians can understand its predictive power much better than Keynesians like Paul Krugman can.
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Topics
Business CyclesFinancial MarketsU.S. Economy