The Austrians have been saying this since about the same time or earlier. Read only if you're interested in the theory of economic bubbles. The Austrian busine

The Austrians have been saying this since about the same time or earlier. Read only if you're interested in the theory of economic bubbles. The Austrian business cycle theory (ABCT) is an economic theory developed by the Austrian School of economics about how business cycles occur. The theory views business cycles as the consequence of excessive growth in bank credit, due to artificially low interest rates set by a central bank or fractional reserve banks. https://en.wikipedia.org/wiki/Austrian_business_cycle_theory https://en.wikipedia.org/wiki/Austrian_business_cycle_theory