With the US housing crisis metamorphosing into a full-blown financial crisis in the United States and Europe and the specter of a global stagflation looming larger every day, the Fed's credibility and reputation is evaporating with the value of the US dollar.
William Tucker says nuclear power is the most concentrated energy and is the cure for the nation's energy ills. And in his view there is no such thing as nuclear waste — it all is recyclable.
Main objection to the Austrian Business Cycle Theory is rational expectations - they can't prevent entrepreneurs from making use of loose credit because they would be left behind if they didn't.
"The ability of most market indicators is found to be weak, while the ability of the skyscraper index to predict severe changes in the business cycle is strong."
Building the world’s tallest building has been a matter of particularly bad timing by entrepreneurs.
A debate has been raging for some time among those in the finance industry about whether the United States is currently experiencing inflation, def
This audio essay, narrated by Gennady Stolyarov II, is found in The Austrian Theory of the Trade Cycle and Other Essays (pp.
Murray Rothbard was the master of reducing complicated theories to their very essence while retaining theoretical rigor, and this essay
The monetary explanation of the trade cycle is not entirely new. "The 'Austrian' Theory of the Trade Cycle," by Ludwig von Mises, is narrated by Gennady Stolyarov II.
