Austrian Economics and the Time for Monetary Freedom

For over a decade, now, the American economy has been on an economic roller coaster, of an economic boom between 2003 and 2008, followed by a severe economic downturn, and with a historically slow and weak recovery starting in 2009 up to the present.

Before the dramatic stock market decline of 2008-2009, many were the political and media pundits who were sure that the "good times" could continue indefinitely, including some members of the Board of Governors of the Federal Reserve, America's central bank.

When the economic downturn began and then worsened, many were the critics who were sure that this proved the "failure" of capitalism in bringing such financial and real economic disruption to America and the world.

There were resurrected long questioned or rejected theories from the Great Depression years of the 1930s that argued that only far-sighted and wise government interventions and regulations could save the country from economic catastrophe and guarantee we never suffer from a similar calamity in the future.

The Boom-Bust Cycle Has Its Origin in Government Policy

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