La huelga de la NHL explicada según la teoría austríaca del ciclo económico

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The Austrian theory holds that government manipulation of interest rates leads to a period of malinvestment followed by liquidation—the boom-bust cycle. The sports business cycle operates along similar lines, only instead of a central bank manipulating the price of money, a league tries to control the price of labor through collective bargaining. Each such attempt inevitably results in a period of malinvestment followed by liquidation—the lockouts—before the cycle begins anew.

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