New book by NPRI policy fellow
If you ask Doug French, he'll tell you how much he enjoyed the late Murray Rothbard's tenure at the University of Nevada, Las Vegas, during the 1990s and how large an impact Murray's insights had on him. Now, years later, Doug works in behalf of Murray's vision as executive vice president of the Mises Institute , and even now has an extremely timely new book out: Early Speculative Bubbles & Increases in the Money Supply
The book -- which began as Doug's master's thesis while a student of Professor Rothbard -- examines three of the most famous speculative bubble episodes in history through the lens of Austrian Business Cycle Theory.
From the review on Mises.org: "Although these episodes occurred centuries ago, readers will find the events eerily similar to today's bubbles and busts: low interest rates, easy credit terms, widespread public participation, bankrupt governments, price inflation, frantic attempts by government to keep the booms going, and government bailouts of companies after the crash."
