Business Cycles
Economics and Moral Courage
The Austrians in the late 1920s and early '30s were like scientists trying to address witch doctors.
End This Depression Now!, by Paul Krugman
Supporters of Keynesian economics sometimes claim it to be a crude caricature of the Master that he thought the government has only to spend more money to get us out of a depression and that getting us into debt doesn't
Economic Depressions: Their Cause and Cure
What the government should do about the bust that follows the boom is maintain a strict hands-off policy.
End This Nonsense Now!
Paul Krugman defends the cartoon version of Keynesianism that we are told is oversimplified.
When Anticipation Makes Things Worse
Leave Money Production to the Market
A central bank confers no benefit on society at large.
Wall Street Math
There's plenty of blame for the financial crisis being spread around. Those on the left say Wall Street wasn't regulated enough, while those on the right claim government mandates required lenders to make bad loans.
The South Sea Bubble
I recently finished reading a book on the South Sea Bubble. I was surprised at how fascinating it was.
Is Inflation about General Increases in Prices?
To ascertain what inflation is all about, we have to establish its definition.