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The Austrian Business Cycle

Peter Schiff

Peter Schiff gives insight on the business cycle, booms and busts, expansions and recessions that are baffling to many economists across the political spectrum. Most people still think that recessions occur randomly or are caused by irrational behavior by consumers. Only the Austrian School of economics has a fully-developed theory to account for the business cycle—that booms and busts are caused by government intervention in markets, sending distorted signals to investors. The resulting malinvestments are the cause of booms and busts.

Peter Schiff is an American economist, author, and financial commentator. A licensed stock broker, Schiff is also the president of Euro Pacific Capital, headquartered in Westport, Connecticut. He appears frequently as guest on CNBC, Fox News, and Bloomberg Television, and also hosts the popular radio show and podcast, The Peter Schiff Show. His most recent book is The Real Crash.

Sponsored by the Allied Educational Foundation