Description
Do central banks help alleviate or actually contribute to causing the business cycle?
In this prescient 1932 book, E.C. Harwood used sound theory and statistical analysis to examine the true cause of the business cycle, warn about the effects of central banking, and recommend a return to a sound-money, free-market policy. American Institute for Economic Research is pleased to make this classic work, still extremely relevant to the debate over monetary policy, available to a new generation of readers.