Business Cycles
Inflation Deflation Red-flation Blue-flation
A debate has been raging for some time among those in the finance industry about whether the United States is currently experiencing inflation, def
The Austrian Theory: A Summary
This audio essay, narrated by Gennady Stolyarov II, is found in The Austrian Theory of the Trade Cycle and Other Essays (pp.
Economic Depressions: Their Cause and Cure
Murray Rothbard was the master of reducing complicated theories to their very essence while retaining theoretical rigor, and this essay
The “Austrian” Theory of the Trade Cycle
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.
Money and the Business Cycle
This audio essay, read by Gennady Stolyarov II, is found in The Austrian Theory of the Trade Cycle and Other Essays (pp.
The War on Recession
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 Folly of Stimulus
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.
Dealing with Recession
When used with discretion, debt can be a good thing. But many of us individually, and we as a society, can have too much of a good thing.
Don’t Blame Subprime Lenders!
Not only has the Austrian Business Cycle Theory described the real world, but only Austrians have a cure for the problem.