Business Cycles

After the 2008 housing bust, the government supposedly set up a fail-safe mortgage program aimed at preventing future bubbles. It failed.

The latest Keynesian money-printing and spending schemes are blowing up. It is time to hear what the Austrians have to say.

While Fed policies openly try to make prices "stable," the central bank actually is creating economic instability and an impoverished economy.

Typical economic commentary claims that deflation is a Very Bad Thing. Think again.

The Fed's reckless behavior has undermined Netflix more than the losses at CNN+.

It is the fiat monetary system itself, not deflation, that helps create the unstable conditions that lead to financial crises.

The Fed's reckless behavior has undermined Netflix more than the losses at CNN+.

Thanks to the Fed's monetary gyrations, we are seeing the yield curve acting abnormally. However, one cannot get something from nothing and market forces ultimately will frustrate the Fed's designs.

Despite assurances from politicians and the media, the Federal Reserve System is not a collection of geniuses who stand guard against inflation and recession. Instead, think of the Fed policy makers as the Keystone Cops of central banking.

The "experts" solemnly tell us that deflation is even worse than inflation, and that deflation always will lead an economy into recession. The truth turns such "wisdom" upside down.