Historically they didn't consider the distortions caused by below-market interest rates (which of course are the key ingredient in the Austrian theoryof the businesscycle).
他们并没有从历史上来考虑低于市场利率所造成的扭曲,而这点是奥地利商业周期理论的关键组成部分。
2
But Milton Friedman rejected their analysis, stating in 1998 that: “The Austrian business-cycletheory has done the world a great deal of harm.”