Business Cycles

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.

I recently finished reading a book on the South Sea Bubble. I was surprised at how fascinating it was.

To ascertain what inflation is all about, we have to establish its definition.

The historical evidence in Britain supports the view that spending cuts bring about larger economic recoveries than deficit spending does.

The fall in the money stock that precedes price deflation is actually triggered by the previous loose monetary policies of the central bank.

An artificially stimulated boom must inevitably lead to crisis and depression.

Anything invested in creation of goods that no one wants ("bads," really) is wasted.

The world financial crisis and recession have provided Austrian economists with a golden opportunity.

Say's law not only points to the fallacy of the accelerator but to its corollary, "derived demand."

They keep trying and trying with ever-worse results. There is no middle way to solve the housing crisis. The real help for underwater homeowners will only arrive when Fannie, Freddie, and the rest are allowed to fail.