Businesses go up and down; businesses go into business and out of business. Sometimes businesses seem to drop and increase at the same time. That is what the “business cycle” is referring to. The Austrian theory of the business cycle gives a great example of why up and down cycle occurs. First, when the … More The Austrian Theory of the Business Cycle
“World War II was a time of great prosperity in the U.S.” Whoever came up with that statement probably meant very well by saying it but at the same time that person was very uninformed because the statement above is quite false. Sure it was a time of prosperity for the weaponry businesses and … More Prosperity? Preposterous!