Essential Austrian Economics: Business Cycles

Why do economies experience booms and busts? Well, according to the Austrian school of economics, one of the reasons is central banks actively intervening to change interest rates from what they would otherwise be. When central banks lower interest rates relative to the actual amount of savings, it artificially stimulates investment that is not sustainable. Watch this video to learn more, and visit www.essentialaustrians.org.

Видео Essential Austrian Economics: Business Cycles канала The Fraser Institute