Business Cycles

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?

The Central Bank of Canada Warns of Housing Bubble

Fed management of the economy and the business cycle has only gotten much worse as it has grown more powerful and destructive. As the Federal Reserve has become more powerful, job losses have generally more severe and the duration of the recovery process has gotten progressively longer.