What is it about?
This is the latest in a long-running debate between Barnett and Block and Bagus and Howden. These two pairs of Austrian economists have been quibbling over the legitimacy of borrowing short and lending long since 2009. This provides the penultimate round of the debate.
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Why is it important?
It drives a focus on important risk issues and away from an obscure purist understanding of Austrian economics.
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This page is a summary of: Borrowing Short to Lend Long: Fraudulent or Not? Elements Missing From the Current Debate, Business Ethics the Environment & Responsibility, September 2025, Wiley,
DOI: 10.1111/beer.70031.
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