The Turkish newspaper Hurriyet has published an opinion piece which sheds light on oil prices and speculative booms and the role government has in creating high prices and recessions. Austrian economics are a really old tradition of economics based on the splendidly logical economic work of Mises, Hayek, Rothbard, and others who have helped to explode the Keynesian myths of easy money and managed inflation by showing the way easy-credit policies lead to higher prices, malinvestment, and the famous boom-and-bust cycle we know all too well in the U.S.
Austrian banking theory is not about right- or left-wing politics. It’s about the real and harmful effects our central bank’s monetary expansion has on our nation. I’m glad it’s getting some exposure in the Turkish press. It’s about time it got some more in ours.
austrian theory in turkey
The Turkish newspaper Hurriyet has published an opinion piece which sheds light on oil prices and speculative booms and the role government has in creating high prices and recessions. Austrian economics are a really old tradition of economics based on the splendidly logical economic work of Mises, Hayek, Rothbard, and others who have helped to explode the Keynesian myths of easy money and managed inflation by showing the way easy-credit policies lead to higher prices, malinvestment, and the famous boom-and-bust cycle we know all too well in the U.S.
Austrian banking theory is not about right- or left-wing politics. It’s about the real and harmful effects our central bank’s monetary expansion has on our nation. I’m glad it’s getting some exposure in the Turkish press. It’s about time it got some more in ours.
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