According to real economics (Austrian school) the root cause of business cycles is the central bank and artificially low interest rates.
F.A. Hayek even won the nobel prize in Economics (before the Nobel price became totally corrupt) for his work in the area of Austrian Business Cycle Theory.
That is not to say that the bankers and ”elites” don’t also utilize psychological tools to maximize their profits from the cycles they themselves create. They do, and this image is good illustration of that.
According to real economics (Austrian school) the root cause of business cycles is the central bank and artificially low interest rates.
F.A. Hayek even won the nobel prize in Economics (before the Nobel price became totally corrupt) for his work in the area of Austrian Business Cycle Theory.
That is not to say that the bankers and ”elites” don’t also utilize psychological tools to maximize their profits from the cycles they themselves create. They do, and this image is good illustration of that.