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.
Business Cycles
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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.
Week in Review: June 3, 2017
Political agendas like the Paris Agreement must take into account costs, benefits, and economic reality. "Science" doesn't dictate good policy.
Robert Shiller Is Shilling for the State
For economist Robert Shiller, housing bubbles result from too little government regulation.
Wine, Art, and Ferraris: The Bubble in Luxury Goods
Our inflationary economy is sending the prices of luxury goods soaring — while prices on products for regular people are often flat.
