Phoenix Objectivists 1st July Meeting July 10, 2008

For our first meeting in July we will be joined by economist and long time Objectivist Joe Cobb who will explain what is the "Austrian Economics theory of the business cycle," and how it is different from the Chicago/Friedman theory and the Keynesian theory.

Joe will illustrate the Austrian theory with a current example, based on the excessive investment over the past 7-15 years into residential real estate, and show how the savings and loan crisis of the 1980s was another example.

After Joe is done we will discuss the points brought up in the speech and Joe will take questions.

Official Website: http://phoenixobjectivists.blogspot.com