Viewing boom-bust cycles as "something that just happens, we have no theory to explain why" is the great failure and embarrassment of mainstream (that is to say

Viewing boom-bust cycles as "something that just happens, we have no theory to explain why" is the great failure and embarrassment of mainstream (that is to say Keynesian) economics. But a comprehensive theory exists. It won Friedrich Hayek the Nobel Prize in 1974. You should at least be familiar with it. https://mises.org/library/austrian-theory-business-cycle-7 https://mises.org/library/austrian-theory-business-cycle-7