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Note that while it's understandable to think that this is an austrian theory given all of the argument on the internet about whether or not it's a good idea, th
by trotsky 14y ago
Note that while it's understandable to think that this is an austrian theory given all of the argument on the internet about whether or not it's a good idea, the idea that easy credit drives business expansion is absolutely agreed upon by both schools and pretty much every working economist.
You can think of it a bit like amphetamines. No doctor would disagree with the idea that amphetamines produce energy in the patient. The debate would only center around how productive or destructive that energy is.