Talk:Austrian Theory of the Business Cycle

From Wikipedia, the free encyclopedia

The role of central banks should be mentioned here somewhere, since the trade cycle first appeared with the creation of national monetary authorities (such as the Bank of england). Earlier cycles where highly localised and overinflating banks were punished by competition (ie: wildcat banks in the US), only wars and major political upheavals could affect time-preferences on a national or international scale prior to the onset of fiat currencies.

[edit] Copyvio

From the last paragraph in the "Theory" section:

Since it clearly takes very little time for the new money to filter down from business to factors of production, why don't all booms come quickly to an end?

This is a wholecloth rip from Murray Rothbard's America's Great Depression, as you can verify here. This sentence could probably be used as a quote, but it certainly shouldn't be uncited. It also makes me wonder how much of the article is plagiarized. DickClarkMises 21:17, 2 March 2007 (UTC)