You're more likely to get inflation, fraud, malinvestment, and, ultimately hyper-inflation until the excesses of the past boom are wrung out of the system.
The Austrians seek to prolong human misery, and they think the Great Depression is the best thing that ever happened to our economy.
Is that your best understanding of the Austrian School?
Why? How do you measure excess? What's the current measurement? What value of excess indicates that we've gone through enough liquidation? Do you use a static model, or do you take into account effects caused by changes in government policy and economic growth? How about the unpredictable effect of irrational people like Michael Dell, and Bill Gates who started their companies against all odds?
What was the measure when Reagan took office? What was it when the stock market responded positively to his economic policies?