Business Cycles

"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.

Recorded at Mises University 2008.

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.

This audio essay, read by Gennady Stolyarov II, is found in The Austrian Theory of the Trade Cycle and Other Essays (pp.

It’s time that we question the very foundations of this war on recession. The recession is a regrettable but inevitable backlash against a boom that was not justified by the fundamentals.

The problem for free-market economists is that their policy recommendations at the dawn of recession are not too sexy to the political mindset. They involve either doing nothing to hinder price adjustments, or actively removing extra-market barriers to price adjustments that already exist. This often involves short-term pain in exchange for long-term solutions, when politics rewards short-term solutions that result in long-term pain.