Business Cycles

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Robert P. Murphy

In a market economy, writes Robert Murphy, the interest rate is not merely a lever to stimulate or depress economic growth.

Frank Shostak

The Fed's recent decisions, writes Frank Shostak, are part of a new effort to conduct monetary policy in the absence of "shocks."

Sean Corrigan

In a brilliant lecture at the Austrian Scholars Conference, Sean Corrigan chronicles the failings of growth-driven government policies that impoverish in the long run.

Christopher Mayer

Christopher Mayer explains why an Austrian analysis starts by examining the preceding boom phase of the business cycle.