Ciclo de negócios

Is the bubble bursting? 

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"Thus, bank credit expansion sets into motion the business cycle in all its phases: the inflationary boom, marked by expansion of the money supply and by malinvestment; the crisis, which arrives when credit expansion ceases and malinvestments become evident; and the depression recovery, the necessary ...

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[Excerpted from America's Great Depression, chapter 1 "The Positive Theory of the Cycle," section "The Explanation: Boom and Depression," pages 9–14 .]

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Austrian Business Cycle Theory, Explained | Murray N. Rothbard