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.
Business Cycles
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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.
Week in Review: April 22, 2017
Instead of taxes being "the price we pay for civilization," taxes are an unnecessary burden on the prosperity of society.
Why Understanding “Roundaboutness” Is so Important
Making production processes more roundabout results in greater production in terms of the quantity produced and a lower cost on a per-unit basis.
Week in Review: March 4, 2017
Both Trump and the Fed are relying on debt to keep their political agendas going.
Review of Money, Banking, and the Business Cycle, Vols. I and II by Brian P. Simpson
While making numerous helpful contributions related to economic history, Simpson’s exposition of business cycle theory misleads rather than clarifies.
