This year I wrote a monograph with Steve on the bubble caused by zero percent interest rates. In fact the bubble has been growing for an entire generation now, with each recession being responded to with lower and lower interest rates. Hardback copies of the monograph are being given to policy-makers to explain the Austrian School theory of the business cycle and how this relates to our current predicament. The graphic designers did a wonderful job with the hardback.
We aim for this to be the definitive paper on the bubble from an Austrian School perspective. It also brings in our experiences from the worlds of politics, central banks and global institutions like the IMF.
You can download the monograph from Steve’s website here: https://www.stevebaker.info/2022/07/are-we-in-the-largest-bubble-in-history-an-austrian-school-analysis-by-steve-baker-mp-max-rangeley/
