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Some Additional Reflections on the Austrian Business Cycle Theory

  • Jesús Huerta de Soto

摘要

I believe environmentalists have missed the mark. They have missed the enemy that was right in front of their faces, and they have used demagogy to fight a straw man, namely, global warming, in order to justify the maximum state intervention and attract a host of politically biased and highly ideological short-term supporters. However, when we research, analyze, develop, and study the theory of the cycle, we see that the Austrian analysis of the cycle points directly to the cause of environmental damage.