The Continuous Crisis Chain in the USA

Absztrakt

The publication examines the United States’ speculative bubbles in the past three decades. The author follows the concepts of the Austrian School by trying to find a link between them and exposing how the prevention and treatment of financial crises led to the inflation of another immense bubble and thereby to a more deeper slump. These events that defined the economic history for the past thirty years turn out to have many resemblance and connection to each other and their sequence doesn’t seem to end due to constant failure in monetary and fiscal policy. The goal of the next years will be defined by fundamentally reforming the financial system and finding a way out of this continuous crisis chain.