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Mises and Rothbard on Credit Contraction during a Downturn

Should banks contract credit during a bust? Mises said yes. Rothbard disagreed. Patrick Newman traces a subtle but consequential rift between master and student. Full story here Are you the author?
Patrick Newman
Dr. Patrick Newman, a Fellow of the Mises Institute, is assistant professor of economics at Florida Southern College and a Fellow of its Center for Free Enterprise.
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