Ep. 1344 More Unknown History: People Weren't Always Clueless About the Boom-Bust Cycle - a podcast by Tom Woods

When you read old -- and I mean old, like nineteenth century old -- American writers on money and banking, something jumps out at you: they understood things with a surprising clarity, and had a proto-Austrian conception of why the economy experienced boom-bust cycles. Suddenly it feels less lonely to believe that artificial credit creation leads to a boom that has to end in a bust. In this episode, therefore, I share some unknown American intellectual history.

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