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Why the Mainstream Fails to Understand Recessions

July 2, 2014 in Economics

By Mises Updates

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Mises Daily Wednesday by Hal Snarr.

Mainstream economists often still maintain that nobody predicted the 2008 financial crisis and recession. Many Austrians saw it coming, of course, and thanks to the work of Roger Garrison and other Austrians, we also better understand the details of how booms and busts work.

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Source: MISES INSTITUTE

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