Economist Goes Very Wrong on Business Cycles; We Correct Him

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Economist Steve Horwitz recently wrote an article urging Austrians to be not quite so boastful about their business cycle theory. After all, he said, it has serious shortcomings. And we should supplement our view of the Great Depression with the work of Milton Friedman, who blamed it on deflation. In today’s episode, my guests put everything right. Subscribe to the Tom Woods Show:https://itunes.apple.com/us/podcast/t…
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