On Bob Murphy’s Facebook Page I asked:
<\/p>\n\n\n\n
Austrian economics decries the boom-bust cycle caused by central banks and governments interfering with free markets.<\/p>\n\n\n\n
For moral reasons, I support free markets, but am curious if there is any evidence that having boom-bust cycles results in greater long term economic growth than would a steady growth scenario?<\/p>\n\n\n\n
From a consequentialist view, is economic intervention bad because it prolongs the periods of boom, and bust, rather than affecting the long term trend?<\/p>\n\n\n\n
Bob suggested reading about \u00a0Mises’ idea of capital consumption. On Bob Murphy’s Facebook Page I asked: Austrian economics decries the boom-bust cycle caused by central banks and governments interfering with free markets. For moral reasons, I support free markets, but am curious if there is any evidence that having boom-bust cycles results in greater long term economic growth than would a steady growth scenario? … Continue reading Boom and Bust vs Steady Growth<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1879","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/benbachrach.com\/wp\/wp-json\/wp\/v2\/posts\/1879","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/benbachrach.com\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/benbachrach.com\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/benbachrach.com\/wp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/benbachrach.com\/wp\/wp-json\/wp\/v2\/comments?post=1879"}],"version-history":[{"count":1,"href":"https:\/\/benbachrach.com\/wp\/wp-json\/wp\/v2\/posts\/1879\/revisions"}],"predecessor-version":[{"id":1880,"href":"https:\/\/benbachrach.com\/wp\/wp-json\/wp\/v2\/posts\/1879\/revisions\/1880"}],"wp:attachment":[{"href":"https:\/\/benbachrach.com\/wp\/wp-json\/wp\/v2\/media?parent=1879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/benbachrach.com\/wp\/wp-json\/wp\/v2\/categories?post=1879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/benbachrach.com\/wp\/wp-json\/wp\/v2\/tags?post=1879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
https:\/\/mises.org\/library\/importance-capital-theory<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"