Perhaps these threads might be of some use:
https://forum.freecapitalists.org/t/so-if-a-central-bank-is-dedicated-to-fight-inflation/2854/7
https://forum.freecapitalists.org/t/alternative-bubble-explanations/2398
While psychology may play a part, the money or credit needs to come from somewhere. And when it’s abundant it will always lead to a boom and bust.