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Forget the Liquidity Trap—Loose Monetary Policies Cause Recessions

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Published : March 01st, 2023
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Category : Editorials
24hGold - Forget the Liquidity...

At the heart of Keynesian business cycle theory is the so-called liquidity trap. Contra Keynes, however, economies don't falter because a sudden increase in the demand for money.

Original Article: "Forget the Liquidity Trap—Loose Monetary Policies Cause Recessions"

This Audio Mises Wire is generously sponsored by Christopher Condon. 

Source : mises.org
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