Business Cycles
The Mises University is the world’s leading instructional program in the Austrian School of economics. Since 1984, it has been the essential training ground for economists who are looking beyond the mainstream.
The Mises University is the world’s leading instructional program in the Austrian School of economics. Since 1984, it has been the essential training ground for economists who are looking beyond the mainstream.
We Don’t Need “Animal Spirits” to Understand Economics
Mainstream economics often invokes vague and unquantifiable concepts like animal spirits to explain how economies work.
Deflating the Deflation Myth
Deflation serves as the theoretical justification of every inflationary action taken by the Federal Reserve and central banks around the world.
The Minsky Moment
Interviewed by host Alan Butler, Joe Salerno discusses the peak of the business cycle and the ensuing financial crisis.
Inflation Does Not Produce Economic Growth
If price inflation near 2 percent is good for the economy, why not aim at a higher rate of inflation and make the economy much healthier?
Fiat Money and Business Cycles in Emerging Markets
As central banks in rich countries flood their economies with fiat money, the excess funds are often used to invest in emerging markets.