Forget the Liquidity Trap—Loose Monetary Policies Cause Recessions

Summary:
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.  [embedded content] Tags: Featured,newsletter

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