Preface: “People don’t realize that we cannot forecast the future. What we can do is have probabilities of what causes what, but that’s as far as we go. And I’ve had a very successful career as a forecaster, starting in 1948 forward. The number of mistakes I have made are just awesome. There is no number large enough to account for that.” – Alan Greenspan
Austrian Economics, Business Cycles, and the Theory and Practice of Money – Segment I 7.27.222 Austrian Economics Presentation Segment I