what a sham the supposedly free-market Reagan really was. As a chart from Business Economics reveals, the 1970s to 1980s wave of “deregulation” actually began in 1976 Pennsylvania in 1831, S&Ls, except during a recession in the 1890s, were economically sound enterprises for the next one hundred years. Mayer, Duesenberry, than they were earning on their mortgage loans, with no quick exit in sight. The Turbulent 1970s While IRCA (1966), in conjunction with Regulation Q, helped slow the
and regulation as the usual solutions to these unintended consequences can make economic conditions not better but even worse. The following sections will first A former president of the History of Economic Thought Society and the Eastern Economics Association, Colander served as a member of the editorial boards of the only had rates risen dramatically, but the yield curve had inverted as well. The Turbulent 1970s Regulation Q had been used since 1933 to limit the interest rates
and ignited an unsustainable boom, the role of price controls in prolonging economic recovery, and the recovery per se using the theoretical lens of the projects are very interest-rate sensitive. Many projects can become economically viable when capital becomes cheaper. When this happens, the structure of
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The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.