The aim of the article is to refine the Austrian business cycle theory by discussing the effect of changes in banks’ asset structure on the business cycle.
Free Fed money has led to an unprecedented corporate credit binge of excess spending, especially on share buybacks.
There are so many skyscrapers being built in China that I have not been able to keep track of them all. The "Walking Stick" building has just become the second tallest skyscraper in the world. This does not qualify as a genuine worldwide "skyscraper signal," but it does represent a signal for China.
So many skyscrapers are being built right now that there has emerged a shortage in the special glass panels that form the exterior of most modern skyscrapers.
Peddling Protectionism is a real gem. Irwin does not mince words, and he ably tosses aside misconceptions of Smoot-Hawley and replaces them with objective economic analysis.
While I have a high regard for what Austrian economics gets right that other economic schools do not, I consider myself a “Neo-Scholastic” economist, a term which I will try to explain.
