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I just finished the lecture course by Peter Klein and Joe Salerno, the Causal-Realist Approach to Economics, and the last lecture on banking and the business cycle was very fascinating. However, I was confused when Mr. Salerno said that the costs go up in the capital goods industry. Firstly, bank reserves...
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Like many Austrians I realize that the massive amount of credit and debt being plunged into the US economic system will have terrible consequences for the dollar and will most likely lead to problems of high inflation and/or stagflation. My question is: If after the next couple of years, there is no...