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badger comments on Open Thread, May 1-15, 2012 - Less Wrong
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Assuming you are referring to Austrian-style business cycle theory, the book has a chapter written by Roger Garrison on the subject. While the theory might not be applicable in general, he make a good case that a boom/bust cycle could be generated by credit expansion.
Oops, I wasn't clear. Monetary Disequilibrium is "Austrian" but is not the same thing as "Austrian Business Cycle Theory" (I think it's mostly orthogonal and I think some Austrians discuss both as important).
Monetary Disequilibrium theory might more accurately be called a monetary economic theory rather than a macro economic theory.