Why Government Relief Spending Only Makes the Recession Worse

Bob walks through diagrams from Hayek's famous LSE lectures to explain the Austrian view of the boom-bust cycle.

• The Diagrams Referenced in this Episode: Mises.org/HAP481a
• Hayek's Prices and Production: Mises.org/HAP481b
• Rothbard's Man, Economy, and State: Mises.org/HAP481c
• Bob's Study Guide to Man, Economy, and State: Mises.org/HAP481d
• Roger Garrison's PowerPoint on the Hayekian Triangle: Mises.org/HAP481e

The Mises Institute is giving away 100,000 copies of Murray Rothbard’s, What Has Government Done to Our Money? Get your free copy at Mises.org/HAPodFree