The Austrian business cycle theory (ABCT) is an economic theory developed by the Austrian School of economics about how...

>The Austrian business cycle theory (ABCT) is an economic theory developed by the Austrian School of economics about how business cycles occur.
>The theory views business cycles as the consequence of excessive growth in bank credit due to artificially low interest rates set by a central bank or fractional reserve banks

>The Austrian explanation of the business cycle differs significantly from the mainstream understanding of business cycles and is generally rejected by mainstream economists on both theoretical and empirical grounds

Why the fuck does mainstream economics reject this? It makes sense.

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because interest rate shit isn't the only reason Jews will blow the economy up. it seems particularly relevant now to current issues but in 6 months we will see it was just a small part of what was going on

Because central banks dosen't control rates. The economic environment controls rates and central banks react to it. The model is completely backwards.
Take this inflation thing for example. The ECB doesn't want to raise rates, they would prefer rates to be negative. Unfortunatly, inflation is out of control so they feel like they have to raise rates. Are they really in charge of rates or did the inflationry environment dictate their policy?

Volcker (1979-1987):
>fixes inflation with massive rate hikes
>tackles unprecedented stagflation like it's the first time figuring out a final boss battle

Greenspan (1987-2006)
Bernanke (2006-2014)
Yellen (2014-2018)
>all consistently lowered rates over time to make debt cheaper

Powell (2018-present)
>has to fix inflation with massive rate hikes
>will have to tackle balancing the economy like a final boss battle

Notice something?

There were cycles before central banks. Just more violent cycles.

I don’t agree with the current central bank approach, but what you greentext makes little sense.

Actual Austrian economic theory (that the free market best self regulated and compensates) makes sense, though. For that to work, we would however need to abolish 99 percent of the lows which artificially skew the market. And we would need to accept predatory monopolists, oligopols, predatory capitalism and large market swings and manipulation.

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This is assuming that they have absolutely nothing to do with inflation in the first place, which isn't true.

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I only subscribe to the theories of australian economics

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why do only the jewish fed bosses mess the world up?

>There were cycles before central banks. Just more violent cycles.
Name 1 depression before the FED