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Big GovernmentStrategyBusiness CyclesPolitical Theory
Booms and BustsMedia and CultureBusiness CyclesPolitical Theory
Booms and BustsTaxes and SpendingBusiness Cycles
Booms and BustsMoney and BanksBusiness CyclesMoney and Banking
Central banks never recovered and "normalized" their balance sheets after the 2008 crisis. That means the current system is very fragile.
Booms and BustsBusiness Cycles
Mises made a distinction between credit that is backed by savings, and credit that is not. The second type plays a key role in the boom-bust cycle.
Global EconomyBusiness Cycles
China has many problems, but it also has a high savings rate, a limited welfare state, and a rising middle class.
Booms and BustsThe FedBusiness Cycles
Joseph Salerno spoke on "Why Falling Prices Are Good for Business" at Ramapo College in New Jersey on October 4.
Putting the finishing touches on the world's largest building in China
Money and BanksBusiness CyclesMoney and Banking
Central banks have been on a bond-buying spree. This is good for governments deep in debt. But it is a risky and dangerous policy for the rest of us.