Austrian Theory of the Trade Cycle
Recorded at Mises University 2011. Includes an introduction by Mark Thornton.
Recorded at Mises University 2011. Includes an introduction by Mark Thornton.
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.
The question in the popular press is, "Which economic policy is the best to alleviate the recession?" Wrong question.
I am pleased to announce that, starting July 20, I (and guest lecturer Peter Klein) will offer a Mises Academy class, <a href="http://academy.mises.org/courses/production/">Production and the Market Process</a>.
Today's Big Ag boom is sponsored by ethanol subsidies from the state.
It's going to happen unless we get radical reform soon.
Housing prices hitting 2002 levels, unemployment still at 9 percent, private-sector job growth flat, and retail sales still struggling: these are headlines that few expected three years ago. The stimulus was a gigantic, wasteful, destructive flop.