Business Cycles / Frank Shostak

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Will Low Unemployment Cause Accelerating Inflation?

Money and BanksBusiness CyclesMoney and Banking

Blog09/08/2017
In an unhampered market, there is no reason why low levels of unemployment should lead to an inflationary spiral.

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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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Employment Is Not the Key to Economic Growth

Labor and WagesBusiness Cycles

Blog08/11/2017
Fixing unemployment without addressing the issue of real savings cannot increase the pace of economic growth.

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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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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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Deflation Is Always Good for the Economy

Business CyclesInterventionismMoney and Banking

Blog08/04/2016

The major threat to any economy is not deflation, but the policies used to count it.

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Why a "Dollar" Should Only Be a Name for a Unit of Gold

Business CyclesMonetary Theory

Blog07/25/2016

No one prints dollars on the purely free market because there are, in fact, no dollars; there are only commodities, such as wheat, cars, and gold.

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Should Economics Emulate Natural Sciences?

Money and BanksBusiness CyclesPhilosophy and Methodology

12/16/2014Mises Daily Articles
The laws of physics can never be absolutely established. For some other law may prove more elegant or capable of explaining a wider range of facts. Hypotheses must be constantly tested. Economics is not like this.

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Inflation Does Not Produce Economic Growth

The FedU.S. EconomyBusiness Cycles

03/17/2014Mises Daily Articles
If price inflation near 2 percent is good for the economy, why not aim at a higher rate of inflation and make the economy much healthier?

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