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Why Bubbles Burst: Austrian Business Cycle Theory
Austrian economists F. A. Hayek and Ludwig von Mises. Good article on Austrian business cycle theory. “[The austrian economists] answers […] to the question of why economic booms and busts are cyclic...
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UK extends “Help to Buy”– sets the stage for housing bubble
As the saying goes: Those who do not learn from history are doomed to repeat it. It was this type of scheme, government backed lending with very low deposit, that created the housing bubble in the US....
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