I was thinking about making a basic business cycle pamphlet, and this is what I theorized it should look like:
[Title:] Recessions, Depressions, and Financial Crises: Their Causes and Solutions
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Primary Cause of Economic Crises [here explain the role of credit creation via central banking and fractional reserve banking]
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Secondary Causes of Economic Crises [here explain the role of government subsidies, taxes, tariffs, minimum wages, etc. Include the role of CRA and F&F in the 2008 crisis]
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Government “Solutions” [here refute government “solutions,” including…]
a. Lender of Last Resort Operations
b. Lower Central Bank Interest Rates
c. “Recapitalization” of Financial Institutions
d. Government Purchase of Bad Loans
- The Real Solution to Economic Cycles [here explain the importance of letting wages and prices fall, abolishing central banking, etc.]
Critiques and comments are appreciated.