Business Cycles

With the US economy facing a severe downturn, we should remember that two recessions ended quickly because the government didn't intervene at all.

Bob and Brian Albrecht discuss rational expectations, real business cycle theory, and how Alchian cracked the military's top secrets.

Austrian business cycle theory points out that easy money leads to malinvestments. Once easy money disappears, the crash begins. Time to clean up malinvested assets.

Dr. Paul Cwik joins Bob to discuss the inverted yield curve's "signal" of an impending recession.

After years of inflationary intervention, the Federal Reserve has no more rabbits to pull out of the hat.

Austrian business cycle theory points out that easy money leads to malinvestments. Once easy money disappears, the crash begins. Time to clean up malinvested assets.

After years of inflationary intervention, the Federal Reserve has no more rabbits to pull out of the hat.

While the Biden White House claims we are on a steady course of prosperity, the more realistic future is that of a global recession.

While the Biden White House claims we are on a steady course of prosperity, the more realistic future is that of a global recession.

At the heart of Keynesian business cycle theory is the so-called liquidity trap. Contra Keynes, however, economies don't falter because a sudden increase in the demand for money.