Macroeconomic Monitor

2019.12.10

The Madness of the Modern World or the Raging Leviathan: Part II

Author: Yaroslav Romanchuk Translation: Marina Zaharieva The Deformation of the Capital Structure – a Volcano with a Wooden Lid (read the first part here) The main problem of the world economy since the late 2010s and early 2020s is the deformation of the capital structure. This problem is clearly, in detail and well-foundedly described by the Austrian …

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