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Asset price inflation, an older term for irrational exuberance found in the writings of Austrian school economists, is a monetary virus infecting capital markets.
FORBES: Despair and Hope Beyond Chairman Bernanke's Monetary Cliff
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Beneath the psychological swings lies the root cause: the boom-bust cycle is due to government manipulation of the money supply, as the Austrian school of economists have demonstrated.
FORBES: By Eliminating Failure, The Government Robs Us Of Success
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Members of the John Birch Society developed an interest in a school of Austrian economists who promoted free-market ideals.
NEWYORKER: Covert Operations
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Specifically, there are lessons to be learned about recessions, depressions, and what the economists of the Austrian school like Ludwig von Mises and F.
FORBES: Gordon Ramsay's Monetary Nightmares
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They are testing the theories of four dead white guys: Irving Fisher (representing the classical economists), John Keynes (the Keynesian school), Ludwig von Mises (the Austrian school), and Milton Friedman (the monetarist school).
FORBES: Impossible Things And Our Economic Recovery