Forget the New York Times and other publications that cheerlead for the current regime. Austrian economics spells out the consequences for reckless monetary policies, and those consequences are unavoidable.
The boom-and-bust cycles are not natural to a market economy, contra Keynes. Instead, government through monetary manipulation creates them—and then politicians blame markets themselves.
Sponsored by Thomas and Lisa Dierl.
The boom-and-bust cycles are not natural to a market economy, contra Keynes. Instead, government through monetary manipulation creates them—and then politicians blame markets themselves.
Fractional reserve banking allows the Federal Reserve to manipulate the money supply, leading to booms and busts. Central banking is not a defense against business cycles; it is a major cause of them.
Austrian economics stands apart from the economic mainstream in its deductive approach to economic analysis.
The Biden administration is unleashing the USDA on small farmers, attempting to regulate them out of business. This is done to protect not the public's health, but politically connected agriculture interests.
While unemployment currently is low and the rate of inflation has fallen somewhat, Bidenomics is setting off a boom that is unsustainable. We know what happens next.
Hollywood can create stories from thin air, but when the film industry creates malinvestments, there is a bust in the future.
