Ep. 63 Nicolas Cachanosky on Improving Austrian Business Cycle Theory, the Dispute Over Fractional Reserve Banking, and How the Fed Broke Monetary Policy
Economist Nicolas Cachanosky specializes in the overlap between capital theory in traditional economics and the capitalization of cash flows in finance. He explains the relevance of these concepts to understanding the business cycle. Then Nicolas and Bob have a friendly disagreement over Mises’ views on fractional reserve banking. The conversation closes with Nicolas’ view on central banking policy since the financial crisis of 2008..
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Mentioned in the Episode and Other Links of Interest:
- Nicolas Cachanosky’s CV, which contains citations to all of the articles discussed.
- Peter Lewin’s book Capital in Disequilibrium.
- Bob’s Mises.org articles on reswitching, on responding to Krugman’s critique of ABCT, and on mainstream economists not getting their dimensions right.
- The Bob Murphy Show episode 48, in which Bob discusses his new QJAE paper on the FRB debate.
- How you can contribute to the Bob Murphy Show.
The audio production for this episode was provided by Podsworth Media.
About the author, Robert
Christian and economist, Chief Economist at infineo, and Senior Fellow with the Mises Institute.
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