Black Hole or Shock Absorber: How Does a Free-Market Economy Respond to Crises?
As the inevitable economic downturn becomes more evident, the Fed will attempt to stop deflation. But what this economy needs is a good dose of it.
Business Cycles
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The Fed’s Current Monetary Stance Will Lead to Stagflation, Not Deflation
After following hyper-Keynesian policies for more than two decades, the Fed is about to create the conditions that Keynesians claimed were impossible: an inflationary recession.
Federal Reserve Tampering with Interest Rates Distorts the Shape of the Yield Curve
In a free market, short-term and long-term rates would move toward convergence. Fed interference with interest rates ensures that won't happen.
The Nobel for Government Intervention: Bernanke and Others Rewarded for Flawed Theories
This year's trio of Nobel winners in economics are short on actual economics and long on government intervention.
Seeing the Student Loan Crisis as a Form of Boom and Bust
Conservatives have missed the point that it is not students particularly that are at fault for the student loan crises, but the entire bureaucratic economic-political system.
Looking at the Economic Myth of the “Soft Landing”
Paul Krugman recently argued that the Federal Reserve can engineer a "soft landing" for the economy as it tries to deal with inflation. Such a view ignores economic realities.
Is a Recession Simply a Decline in GDP? What Does That Mean?
The "official" definition of a recession is a two-consecutive-quarter decline in GDP, but there are problems with GDP measurement in the first place.
Surveys or Specifics: Do Economies Respond to Consumer Expectations or the Facts at Hand?
Much is made of surveys determining consumer confidence in the economy. Expectations, however, must line up both with proper economic theories and the information at hand.
GDP Provides a False Reading of the State of the Economy
Most economists see GDP as a snapshot of the performance of the economy. However, it is better understood as a misleading statistic which fails to accurately describe what really is happening economically.
