It was an honour to be invited to give a speech at the Austrian central bank last week on how Friedrich von Hayek’s business cycle theory explains modern financial crises. The event was introduced by Robert Holzmann, Governor of the Austrian Central Bank, and chaired by Barbara Kolm, Vice-President of the Austrian Central Bank. I gave a long presentation on the nature of modern financial crises and how central bank policies are destabilising in the long-term. The video will be forthcoming.
