Business Cycles

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David Lee

Strangely, Canada finds itself at the most pro-market limit of the political spectrum.

Austrians argue that government spending and monetary expansion are counterproductive and handicap economic calculation.

Robert P. Murphy

The "fundamentals" of the economy have been and remain awful, because the government and Federal Reserve are consistently doing the wrong things. The apparent recovery, fueled by Bernanke's sheer money creation, has been bogus all along.

Dan Sanchez
People realize the unsustainability of their investments, the bubble pops, boom gives way to bust, and the resources are (painfully) reallocated.
William L. Anderson

At last, everyone agrees that the US economy is sinking into the morass of depression. The question is why.

Peter G. Klein

So, isn't it time to demythologize all of this? Treasuries are bonds just like any other bonds. There's nothing magic, mythical, or sacred about them. A default on US government debt is no more or less radical than a default on any other kind of debt.