52 min listen
61 - Steve Horwitz on Monetary Disequilibrium and Austrian Business Cycle Theory
61 - Steve Horwitz on Monetary Disequilibrium and Austrian Business Cycle Theory
ratings:
Length:
59 minutes
Released:
Jun 12, 2017
Format:
Podcast episode
Description
Steven Horwitz is a professor of economics at Ball State University and a senior affiliated scholar at the Mercatus Center at George Mason University. He joins the show to discuss monetary disequilibrium (the condition when the supply and demand for money are not aligned, which leads to either inflation or deflation). David and Steve also examine Austrian Business Cycle Theory – a theory of how “malinvestment” caused by bad policy leads to an unsustainable boom and inevitable bust. Steve also explains how monetary disequilibrium led to the Great Recession and offers some solutions for minimizing business cycles in the future. David’s blog: http://macromarketmusings.blogspot.com/ Steve Horwitz’s personal website: http://myslu.stlawu.edu/~shorwitz/ Steve Horwitz’s Mercatus profile: https://www.mercatus.org/steven-horwitz David’s Twitter: @DavidBeckworth Related links: *Microfoundations and Macroeconomics: An Austrian Perspective* by Steven Horwitz https://www.amazon.com/Microfoundations-Macroeconomics-Perspective-Steven-Horwitz/dp/0415569575 “An Introduction to U.S. Monetary Policy* by Steven Horwitz https://www.mercatus.org/publication/introduction-us-monetary-policy
Released:
Jun 12, 2017
Format:
Podcast episode
Titles in the series (100)
06 - Ramesh Ponnuru on the Politics of Monetary Policy: National Review senior editor Ramesh Ponnuru disc… by Macro Musings with David Beckworth