The eve of a profound recession is the right time to consider the hardly noticed economic theory of the Austrian School of Economics [Ludwig von Mises, Friedrich A. von Hayek, …] In contrast to the usual explanatory approaches, this approach reveals that the economic ups and downs are not the characteristics of a free -market economy. Rather, it presents how misguided money, interest rates and credit policy are inciting an artificial boom that has the germ of a recession from the outset, and which systematically leads entrepreneurs to incorrect decisions.