One of the unique features of Austrian economics is a coherent and consistent theory of business cycles. To understand business cycles, one must understand the role that interest rates play in the economy.
Bob walks through diagrams from Hayek's famous LSE lectures to explain the Austrian view of the boom-bust cycle.
As the Federal Reserve engineers one financial bubble after another, we are reminded that the Austrian Business Cycle Theory explains what is happening and how there is a better way.
The evidence is quite clear. It really doesn't matter who's in the White House long term. Spending will continue to go up, and they'll be using the tax code to manipulate interest rates.
Bob explains how future inflow of extraterrestrial riches could boost the standard of living on Earth in the near term.
Vegas expected Renato “Sound Money” Moicano to lose his UFC fight against Benoit Saint Denis. Instead, he won and used the opportunity to promote the work of another Austrian economist. This time, it was Hans-Hermann Hoppe.
As the Federal Reserve engineers one financial bubble after another, we are reminded that the Austrian Business Cycle Theory explains what is happening and how there is a better way.
Includes awarding the 2024 Mises Institute Peterson-Luddy Chair in Austrian Economics to Dr. Jeffrey Herbener.
Ask most people why our economy is advanced, and they will likely will answer, “Technology.” Yet, technical knowledge is meaningless without capital development, and capital development is impossible without real savings.
One of the myths of Keynesian theory is that through monetary injections and government purchases, an economy can spend itself into prosperity. While such a scenario is economically impossible, most mainstream economists still believe it.
