Contracyclical policies
From Mises Wiki, the global repository of classical-liberal thought
Contracyclical policies are interventionist policies which the sponsors hope will counteract the undesired but inevitable effects of credit expansion. At best, such policies merely postpone the day of reckoning.[1]
See also: Trade cycle and Austrian business cycle theory
References
- ↑ Percy L. Greaves, Jr. "Mises Made Easier ", 1974. Referenced 2014-06-30.
