Talk:Austrian business cycle theory/Archives/2011/May
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Money Supply and Fiat Money Inflation
This article is really bad, since it largely misses the main point of ABCT - manipulation of the money supply. Until I edited it a moment ago, the article made it sound like the ABCT was mainly about interest rates. But manipulating interest rates is only one of several ways to affect the money supply. Other important ways are 1) simply printing money (or creating money on digital media), and 2) creating government debt (in effect, promises of future inflation). The process, i.e. malinvestment due to misleading price signals, was totally omitted. I fixed the first paragraph, but it looks like a major rewrite is in order. PhilLiberty (talk) 05:22, 18 April 2009 (UTC)
- Wholeheartedly agree. There's a basic misunderstanding in this article that austrian business cycle theory focuses on credit rather than monetary policies. I suggest a severe overhaul to correct this common misconception. Wikipedianamepolicysucks (talk) 16:50, 8 May 2011 (UTC)
Hayekian Triangles
If Hayekian Triangles redirects to Austrian Business Cycle Theory (it does), then there should be a section on Hayekian triangles. —Preceding unsigned comment added by 216.26.110.234 (talk) 08:27, 10 May 2011 (UTC)