Why Debt-Driven Booms Are Unsustainable

“Modern central banking claims to make the money supply more elastic to stabilize the economy. The rationale says that left to itself, the market economy is unstable. Yet the evidence suggests the opposite: that modern central banking is the main culprit for boom and bust.”

https://www.aier.org/article/why-debt-driven-booms-are-unsustainable