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There is a theory on what happens to unemployment in the Austrian view. There is a period of time after the "bust" where labor must be reallocated across the capital structure. That is typically a period of higher unemployment.
Wow watch this video with the caption on.
Where was this guy dug up from?
Hayek is clear of Keynes.
There is a theory on what happens to unemployment in the Austrian view. There is a period of time after the "bust" where labor must be reallocated across the capital structure. That is typically a period of higher unemployment.
Wow watch this video with the caption on.
Where was this guy dug up from?
Hayek is clear of Keynes.