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In the wake of the financial crisis of 2008, the economics profession suffered a blow to what reputation it had. But unlike most of his colleagues, Mark Thornton was vindicated by 2008. Mark has been a voice of sanity at times when the wild interventions of the Federal Reserve have caused otherwise sensible people to lose their minds.
This collection serves the valuable purpose of defending the market economy against the conventional view that freedom has failed us and we need still more controls. We had plenty of rules and bureaucrats on the eve of the financial crisis. A lot of good that did us. Pretty much none of them saw any problems on the horizon.
Maybe we should consider a real free market, with sound money and market interest rates, and abolish the giant bubble machine once and for all. Read Mark Thornton and you’ll entertain this and other forbidden thoughts.
From the Foreword by Thomas E. Woods, Jr.
- Title and Patrons
- Copyright page
- Table of Contents
- Foreword by Thomas E. Woods, Jr.
- Section 1: The Skyscraper Curse
- Chapter 1: What Is the Skyscraper Curse?
- Chapter 2: The History of the Skyscraper Curse Reexamined
- Chapter 3: Do You Have a Theory?
- Chapter 4: How To Get Milk
- Chapter 5: Chantillon Effects
- Chapter 6: Cantillon Effects in Skyscrapers
- Chapter 7: The Curse Misses New York. Is Auburn, Alabama, Next?
- Chapter 8: When Will the Next Skyscraper Curse Come?
- Chapter 9: It Is Not the Skyscraper's Fault
- Chapter 10: Should I Stay, or Should I Go?
- Chapter 11: Razorbacks and Wolverines
- Chapter 12: The Curse of the Federal Reserve
- Section 2: And How Austrian Economists Predicted Every Major Economic Crisis of the Last 100 Years
- Chapter 13: Who Predicted the Great Depression?
- Chapter 14: The "New Economists" and the Depression of the 1970s
- Chapter 15: The Return of the Austrians
- Chapter 16: Bubble-Bust in Japan
- Chapter 17: Who Predicted the Bubble? Who Predicted the Crash?
- Chapter 18: "Bull" Market?
- Chapter 19: Housing: Too Good To Be True
- Chapter 20: The Economics of Housing Bubbles
- Chapter 21: Is the Housing Bubble Popping?
- Chapter 22: Making Depressions Great Again
- Chapter 23: String Theories
- Chapter 24: What Is Wrong with ABCT?
- Chapter 25: Summary and Conclusion: End the Fed