This article reviews the Fed’s performance with particular emphasis on its contribution to the 2008 crisis and then suggests an alternative policy which, had it been in place would have dampened the most recent boom and bust.
In this fascinating interview, Mark Thornton explains how the Austrian business cycle predicted the housing bubble, and how those cashing in on it
As of this week, when Eurozone price inflation reached negative levels, ECB's Mario Draghi decided to throw caution to the wind and brace “for further measures, which could, if needed, be implemented in a timely manner”. Estimates for the European QE program are around €500 billion, but the overall size and timescale will most likely remain open-ended.
The Power and Market Report: "Has the Oil Bubble Popped?" and more.
Are Rising Subprime Mortgages a Small Sign of Big Things to Come?
The laws of physics can never be absolutely established. For some other law may prove more elegant or capable of explaining a wider range of facts. Hypotheses must be constantly tested. Economics is not like this.
The Economic Crash that Cured Itself: A Conversation with James Grant about the Depression of 1921.
Despite little liberalization, global trade grew rapidly over the last decades only to collapse in 2009. Was this growth healthy, though?
