The Prophet of the Great Depression
It is not surprising that Mises was strongly opposed to the idea that central banks should impose "low" interest rates during a recession in order to keep the economy going.
Business Cycles
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Geezer Investing
Jay Taylor made the case that John Maynard Keynes and Milton Friedman were wrong and that Ludwig von Mises was right. Inflation and depression are caused by excessive credit creation. The Austrians advocate for a gold standard while bankers and politicians hate gold.
Money and the Stock Market: What is the Relation?
In this article we have shown that causality cannot be established by statistical means without a coherent definition of what money is and how it is related to the prices of financial assets. Contrary to various experts who dismiss the importance of money in driving the stock prices, we have shown that this dismissal is based on a wrongheaded framework of thinking.
Is laissez-faire a form of nihilism?
Roger Garrison calls our attention to this fascinating post
9. Inflation and the Business Cycle: The Collapse of the Keynesian Paradigm
From the book For A New Liberty: The Libertarian Manifesto, as narrated by Jeff Riggenbach.
A Reconsideration of the Austrian Theory of Industrial Fluctuations
Published in Economica, May 1940.
10. Banking and the Business Cycle
Loan banking is non-inflationary. Interest rates on loans are merely reflective of price spreads. All speculation, on the free-market, is self-correcting and speeds adjustment, rather than cause economic trouble.
Times Are Hard: On the Causes of the Business Cycle
It's been said that the Fed's job is to take away the punch bowl once the party gets going. But Gene Callahan writes the Fed had filled it in the first place.
