because they don't exisst

What

the whole reason the boom and bust cycle exists is due to cheap credit and interest rates manipulations by central planners

or it wouldn't exist

You’re going against basically all of any economic theory ever in history.

No

There *was* no central bank in America for much of the 1800s.

Austrian economists agree with me

there was a treasury and legislation

and there was central banks

Read what I said above dude

Market fluctuations are an inseparable part of a capitalist economy.

No it is not

Boom and bust cycles do not exist in a capitalist market

the free market does handle allocation of resources perfectly

And remember, America wasn't a free market in the 1800s

there was more intervention than people think

Thats not what the Austrian school thinks

anyways

But i'm pretty sure thats wrong

he was against central banking

The free market doesn’t handle the system perfectly because no system can. There are always positive feedback loops.

doesn't exist

If a price of anything goes up, people will buy it because they assume it's likely to go up more. That's a positive feedback loop.

Yeah that was said for deflation too

which was not the case as 90% of the time deflation happened no recession did

It's inherent to a capitalist system. The benefits of capitalism far, far outweigh the negative effects of these feedback loops, but you can't remove them entirely by taking away *anti*-cyclical forces.

No it does not my dude

Boom and Bust cycles

Are not inherent

they are artifically created by manipulation of interest rates

and central planning

Capitalism is the best economic system ever created

<:Thonk:475770135181787138>

Yes and it doesn't have recessions

Every recession has been through the state intervening

A free market doesn’t

It has depressions 👍

mhm which is a capitalist country

all depressions were created by the state