To me the austrian theory makes sense for one reason. If you look at the markets, you never see a market rising in a perfectly straight line up. However, that's what countries are expected to do year after year. How do they pull this nonsense? inflation. I've taken 6 collegue courses on micro, and macro. And somehow they always avoid talking of the subject of where is inflation coming from, they'll say from hikes in overall prices... but that's just symptom, not the desease. They dont want to cure the patient, they just want to keep him near dead for as long as posible. Recesions are a healthy part of economic life, we see them every day when PFE starts dropping like a cent cannonball for no particular reason, or MS stops climbing to drop 50 cents and then resume an UP movement of 2 dollars. It just happens. It's not good or bad. Some people are going to get hurt financially, but they'll find a new job or see this as an oportunity to get off his ass and stop working for someone else. In a depression [TANK] prices drop sharply. So when things show signs of improvement it's time to start buying, just like you people all do every day. The markets are fractals, a free market will flow in similar patterns regardless of time frame, as long as there is no manipulation of the market. No matter what the time frame is. Countries are no different from companies,or ecosystems, they're just huge inneficient mega corporations that own people, or huge habitats for people. We have all seen what happens to a market that goes up for too long without correcting in a nice percentage of the climb. I think is better to have small recessions all the time. With no central bank interfierence. If you remove inflation from the economy, then microeconomic theories start applying to macro theorems, and if you aknowledge the need for cooling down every once in while into the utility curve then you might get better results, it works with sports, cars, companies, and of course, partying.