1

The following video https://www.youtube.com/watch?v=PHe0bXAIuk0 seems to argue that credit is the principal force behind the business cycle, as far as I cal tell.

Is this considered to be a established truth?

glglgl
  • 5,417
  • 1
  • 17
  • 34
user123124
  • 1,085
  • 1
  • 9
  • 13
  • 1
    It's correct as far as it goes, but doesn't/can't take human emotion, external forces and politics into account. For example, Dalio's nice overlapping cycles couldn't have foreseen 9/11 and the oil price shocks of the 1970s. – RonJohn Jul 16 '19 at 08:57

0 Answers0