Austrian Business Cycle Theory, the Inverted Yield Curve, and the Coming Recession
Bob Murphy discusses the Mises-Hayek theory of the boom-bust cycle, and explains the predictive power of an "inverted yield curve".
Business Cycles
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Bob Explains the Highlights of His New QJAE Article on Fractional Reserve Banking
Bob shows why Ludwig von Mises thought any issuance of fiduciary media caused the boom-bust cycle.
Is Deutsche Bank a Canary in the Economic Coal Mine?
The negative consequences of expansionary monetary policies take a while to show up, but Deutsche Bank's collapse may be the first sign of failure.
Are Expectations the Driving Force Behind Business Cycles?
Even if business people learn to expect easy-money caused bubbles and busts — this would still not prevent the formation of a boom-bust cycle.
Can We Still Avoid Inflation?
Inflation can always give only a temporary fillip to the economy, and will leave us with a legacy of postponed adjustments and new maladjustments which make our problem more difficult.
Austrian Business Cycle Theory, Explained
The “boom-bust” cycle is generated by monetary intervention in the market, specifically bank credit expansion to business.
Japan’s Lasting Stagnation Is Hidden Behind Government Statistics
Creative design of statistics cannot solve the persistent crisis. The core of the problem lies in a misguided economic policy that zombifies the Japanese economy and thus undermines prosperity.
