No. People who like the theory saw real world events that kind of sort of looks like ABCT could explain them, and then made a post facto observation.
Unless Mises et al. made some sort of prediction based upon at the time non-existent financial instruments, ABCT did not predict the 2008 sub-prime financial collapse. Period.
To the extent that ABCT predicted anything, it was a "something bad will happen; not sure when!" with the preconditions in play since about 1980. Color me unimpressed; I bet some random fortune teller got more accurate than that on accident.
Now, maybe some economic philosophers who likes the model applied it, which provided the basis their prediction of actual real world events. I don't know.
But then, proponents of regulation predicted the collapse as well. In fact, a lot of people accurately predicted the (actual) collapse, and to various degrees the cascade effects.
> it's not as clear cut when there's 'crony capitalism' and other market distortions.
"Oh yes, if only the world met all of our Axioms. Then everything would be grand!" said every failed political economic project ever.
> Problems are always going to occur, but because humans are motivated to solve the problems, solutions are found.
And as it turns out, lots of times those people are working in government funded research labs and universities, or applying research funded in those labs and universities.
You'll excuse us mere mortals for drawing such wildly wrong conclusions from something as banal as observation! You see, it's just that we've lost our list Axioms and now our only reference point is reality... perhaps you could lend us your map to drill on?