All Articles tagged bank of the united states

• Articles
  July 15, 2022 CDT
  The United States’ First Business Cycle: An Austrian Interpretation of the Panic of 1797
  Nicholas CurottTyler A. Watts

  The First Bank of the United States induced credit expansion, inflation, speculative overinvestment, external specie drain, and finally, a recession in 1797, all consistent with Austrian business cycle theory.

  Abstract