On this site we try to explain the macro-economic conditions primarily from the perspective of Austrian school. We explain the effect of credit inflation, fractional reserve banking, federal reserve and the inflation and deflation caused by these.

We explain the effects of debt on money supply and in turn on valuations in financial markets, housing market and unemployment. We introduce the concept of economic cycles such as Kondratieff Wave and the deflationary crash phase of Kondratieff Winter.

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