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Economists of the Austrian School understand that monetary expansion has the effect of making things more expensive than they otherwise would have been. At the root of the real-estate bubble was Federal Reserve monetary expansion funneled into the purchase of mortgages by Fannie Mae, Freddie Mac, and...
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Hello Im economy student (Prague), and during last few months I read some things about austrian economics. I like it, and Im trying to present this view to my friends whenever discussion about economy occurs. I had a discussion with a friend about inflation vs deflation, where i was a devils advocate...
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Having been a Mises subscriber for 2 years now, I learned that fractional reserve banking + Fed pumping caused the financial collapse. Now this is NOT regulation. But it seems some people say that regulation caused the financial collapse or at least contributed to it. How so?