Monetary Origins of the Poker Bubble
The ultimate responsibility for the poker boom lay with the Federal Reserve.
The ultimate responsibility for the poker boom lay with the Federal Reserve.
Only Austrians can explain why massive central bank money printing hasn't resulted in higher prices.
The Austrian theory rests on changes in relative prices that cause resources to be allocated in ultimately unsustainable ways.
This psychological phenomenon is the “irrational” response of people living in a bubble economy.
While business scandals often lead to calls for more regulation, in so many recent scandals, regulators have been among the chief culprits.
A business-hostile administration will provoke more apprehension than a business-friendlier administration.
This book contains the oddest sentence I have ever read about the current financial crisis, or for that matter about any financial crisis.
Bank credit expansion sets into motion the business cycle in all its phases.
The Austrians in the late 1920s and early '30s were like scientists trying to address witch doctors.