[lbo-talk] Re: Crunch time for US capitalism?Henwood & Gandall (Doug Henwood)

Doug Henwood dhenwood at panix.com
Mon Dec 6 05:30:26 PST 2004


<hari.kumar at sympatico.ca> wrote:


>Why "Austrian"?

Austrian = Hayek, von Mises, that gang. The relevant "Austrian" doctrine here is that excessive credit leads to booms and bubbles and the excesses can only be cured by a humdinger of a recession/depression. It's a line popular with hardcore Wall Street permabears, like James Grant.

Doug



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