Do Seasonal Adjustments Help Identify Business Cycles?
Without a coherent theory based on purposeful human action, it is not possible to begin to understand the causes of business cycles.
Business Cycles
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Employment Is Not the Key to Economic Growth
Fixing unemployment without addressing the issue of real savings cannot increase the pace of economic growth.
A Modern Concept of Asset Price Inflation in Boom and Depression
The aim of this article is to demonstrate how monetary disorder spawns asset price inflation.
Time to Cash Out of the Banking System?
Uh-oh. Chairman Yellen assured us today that she does not believe that there will be another financial crisis "in our lifetimes."
Week in Review: June 24, 2017
While the Federal Reserve is desperate to depict an optimistic vision for the global economy, their fellow central bankers aren't buying it.
Richard Cantillon Is Sleepless in Seattle
Cheap money and Seattle's capital-fueled boom means Seattle may soon achieve Peak Skyscraper status.
Oil Is Cheap — Why OPEC Can’t Do Anything About It
Only the future will tell if OPEC’s measures have any effect on oil prices or if our interpretation that they aren’t able to move prices is true.
How We Should Name Business Cycles
Economists have long played semantic games with how they name business cycles. This is how they should do it.
Will the Crazy Global Debt Bubble Ever End?
If the debt burden is large enough, at some point, even a 0.1% interest rate becomes unaffordable.
