Why Government Relief Spending Only Makes the Recession Worse

Bob walks through diagrams from Hayek's famous LSE lectures to explain the Austrian view of the boom-bust cycle.

The Diagrams Referenced in this Episode: https://Mises.org/HAP481a
Hayek's Prices and Production: https://Mises.org/HAP481b
Rothbard's Man, Economy, and State: https://Mises.org/HAP481c
Bob's Study Guide to Man, Economy, and State: https://Mises.org/HAP481d
Roger Garrison's PowerPoint on the Hayekian Triangle: https://Mises.org/HAP481e