Enemy Of The State: Murray Rothbard

Introduction to Economics: A Private Seminar with Murray N. Rothbard What causes business cycles? Keynesians say the cycles happen because the free market economy does not spend enough. Thus, pump spending in. Additionally, Keynesians say that animal spirits cause these cycles. Government must fix things. Nobody could understand Keynes' General Theory. What was simply obscure was wrongly considered deep. Keynes linked national income with employment, by assuming wage rates are fixed downward. Although Keynes wrote of balanced budgets, there were only deficits. Part six of seven from Introduction to Economics: A Private Seminar with Murray N. Rothbard. This lecture on YouTube: https://youtu.be/wng1I59zr5s Sourced from: https://mises.org/library/introduction-economics-part-6 We are not endorsed or affiliated with the above. https://creativecommons.org/licenses/by-nc-nd/3.0/legalcode Presented by Read Rothbard: Read Rothbard is comprised of a small group of voluntaryists who are fans of Murray N. Rothba