Booms and Busts / Frank Shostak

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Do Seasonal Adjustments Help Identify Business Cycles?

Booms and BustsBusiness Cycles

Blog08/17/2017
Without a coherent theory based on purposeful human action, it is not possible to begin to understand the causes of business cycles.

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Can Technology Prevent a Recession?

Booms and BustsMoney and BanksBusiness CyclesMoney and Banking

Blog01/23/2017
Technology doesn't tell us much about whether we're prone to a recession. The much larger issue is inflation-induced misallocation of resources.

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Keynes Would Have Loved Trump's Economic Plan

Booms and BustsTaxes and SpendingMoney and BankingPolitical Theory

Blog11/21/2016

Donald Trump's spending plans will not invigorate the economy. However, There are some things Trump could do to truly encourage wealth creation.

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There Are Two Types of Credit — One of Them Leads to Booms and Busts

Booms and BustsBusiness Cycles

Blog11/14/2016

Mises made a distinction between credit that is backed by savings, and credit that is not. The second type plays a key role in the boom-bust cycle.

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Economic Growth Requires More Than Low Interest Rates

Booms and BustsBusiness CyclesMoney and Banking

With such low interest rates, shouldn't we be experiencing a boom? The problem is, a solid economy requires much more than just low interest rates.

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Consumer Optimism Is Not the Key to Economic Growth

Booms and BustsMoney and BanksMonetary Theory

Blog08/11/2016

The key to economic growth is not optimism or good "animal spirits." They key is increased productivity and wealth accumulation.

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Downtrend in Money-Supply Growth Poses a Threat to Bubble Activities

Booms and BustsThe FedMoney and Banks

Blog03/09/2016

While the declining trend growth in money supply is bad news for bubbles, it is actually great news for wealth generators.

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Are We Headed for Another Bust?

Booms and BustsThe FedMoney and BanksMoney and Banking

01/05/2016Mises Wire
Like the Greenspan Fed before it, the Yellen Fed has doubled down on easy money, but will trigger a crisis once it tries to inch toward more normal interest rates.

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Why Capitalists Are Repeatedly "Fooled" By Business Cycles

Booms and BustsThe FedMoney and BanksMoney and Banking

12/21/2015Mises Wire
Even when a boom is obvious, it is still in the interests of individual owners and consumers to keep it going.

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Why Gold-Backed Money Doesn’t Bring Booms and Busts

Booms and BustsThe FedMoney and BanksMoney and Banking

12/10/2015Mises Wire
Central bankers would have us believe that creating money “out of thin air” is no problem as long as the “demand for money” increases. They also claim that gold-backed money is more prone to booms and busts. But they’re wrong on both counts...

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