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The Unending Artificial Boom

December 18th, 2019 · No Comments

  • Austrian economics invariably predicts gloom and doom as a result of policy intervention, which by definition create “artificial” booms and bubbles.
  • Events on the ground have forced even some of its proponents to now admit that these can last much longer than many thought.
  • However, we don’t need the Austrian perspective for that insight, and we find it full of ad hoc explanations and fuzziness.
  • We don’t think it offers actionable insights for investors, and those doing so would have had a pretty difficult decade.

Source: The Unending Artificial Boom | Seeking Alpha

Tags: Economic Policy · Economics