Bad PR

The only theory which can accurately and completely explain each phenomenon taking place in the nationwide market is the Misesian-Hayekian theory of the business cycle.

via Correcting Thomas Sowell on Boom-Bust – Eric M. Staib – Mises Institute.

I happen to agree, but who’s going to look into something so strangely named? Can’t someone come up with a better name. How about the Theory of Allocating Resources for Future Output? On the other hand, who could take ARFO seriously?


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