“It is a classic ABCT. I just posted an answer to it here.”
I would beg to differ. I do not see any evidence of central bank intervention, only government intervention. ABCT suggests that " business cycles (or, as some Austrians prefer, “credit cycles”) as the inevitable consequence of excessive growth in bank credit, exacerbated by inherently damaging and ineffective central bank policies, which cause interest rates to remain too low for too long, resulting in excessive credit creation, speculative economic bubbles and lowered savings."
Key words are central bank, interest rates, and credit creation.
They article does not cite those factors, rather, it cites government fiscal policy. TMK, fiscal policy is not part of ABCT.