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COVID ZIRP Triggers ABCT in LV Industrial RE
mises.org/power-market/covid-zirp-triggers-abct-lv-industrial-reThe Zero Interest Rate Policy (ZIRP) implemented by central banks during COVID continues to provide real world examples of the Austrian Business Cycle Theory (ACDT). Murray Rothbard wrote, “… the artificial holding down of the bank loan rate below the profit rate will stimulate an…
This story appeared on mises.org, 2025-05-29 13:00:00.