Part III: Banking, Inflation, and the Business Cycle
E1017861
"Part III: Banking, Inflation, and the Business Cycle" is a section of Murray Rothbard’s economic treatise that analyzes how fractional-reserve banking and monetary expansion drive inflation and generate boom-bust cycles in the economy.
Statements (38)
| Predicate | Object |
|---|---|
| instanceOf |
book section
ⓘ
treatise section ⓘ |
| analyzes |
fractional-reserve banking
ⓘ
monetary expansion ⓘ |
| argues |
fractional-reserve banking drives inflation
ⓘ
monetary expansion drives inflation ⓘ monetary expansion generates boom-bust cycles ⓘ |
| associatedWith | free-market monetary theory ⓘ |
| author | Murray Rothbard NERFINISHED ⓘ |
| critiques |
central bank–supported credit expansion
ⓘ
fractional-reserve banking ⓘ |
| discipline | economics ⓘ |
| emphasizes |
inevitable bust after unsustainable expansion
ⓘ
malinvestment during booms ⓘ role of money supply in economic cycles ⓘ |
| examines |
causes of boom-bust cycles
ⓘ
causes of inflation ⓘ |
| explains |
how artificial booms lead to recessions
ⓘ
how bank-created money affects prices ⓘ how credit expansion distorts capital structure ⓘ |
| focusesOn |
economic fluctuations
ⓘ
effects of credit expansion ⓘ relationship between banking and the business cycle ⓘ |
| intendedAudience |
readers interested in monetary theory
ⓘ
students of Austrian economics ⓘ |
| language | English ⓘ |
| links |
bank credit expansion to business cycles
ⓘ
bank credit expansion to inflation ⓘ |
| mainTopic |
banking
ⓘ
business cycle ⓘ inflation ⓘ |
| partOf | an economic treatise by Murray Rothbard ⓘ |
| perspective | Austrian School of economics NERFINISHED ⓘ |
| positionInWork | third part of the treatise ⓘ |
| subDiscipline |
business cycle theory
ⓘ
macroeconomics ⓘ monetary economics ⓘ |
| theoreticalFramework | Austrian business cycle theory ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.