Key Growth Indicators: Keynesian vs. Austrian Interpretation

Chart of the Week 06 June 2015

Written by John O’Donnell, Online Trading Academy

Four economic indicators, Industrial Production, Real Income, Nonfarm Employment and Real Retail Sales, are key measures of the health of the economy.  Keynesians say that these data series over the recent years support the prescription of liberalized credit to resolve a recession.  Austrian economists look at the same data and come to an opposite conclusion.

Economic indicators are discussed in video after the Read more >> jump.

Source: YouTube