Booms and Busts

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Libertarianism and the Importance of Understanding Causality

Booms and BustsLibertarianismAustrian Economics Overview


A bedrock of Austrian economic thinking is the notion of causality. A libertarian worldview also requires the understanding of causality.

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The Inevitable Bust: Why Economic Booms Contain the Seeds of Their Own Destruction

Booms and BustsEconomic PolicyMonetary PolicyBusiness Cycles


While the Fed tries to engineer the mythical “soft landing” for the economy, Austrian economists know that this is an exercise in futility. Once the credit-fueled boom occurs, the bust logically follows.

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Exposing Our Fed-Driven Bubble Economy

Booms and BustsThe FedInflationKeynes


The US economy has deteriorated into little more than a series of asset bubbles driven by the inflationary policies of the central bank.

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The Interest Rate Shock Will Blow Up the Government’s Ponzi Game

Booms and BustsThe FedFinancial MarketsU.S. Economy


As the federal government continues its Ponzi scheme of issuing debt to pay for past debts, interest rates will increase to the point where this no longer is a tenable strategy—if it ever was.

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The Current US Economic Situation from an Austrian Viewpoint

Booms and BustsBusiness CyclesMoney Supply


Forget the New York Times and other publications that cheerlead for the current regime. Austrian economics spells out the consequences for reckless monetary policies, and those consequences are unavoidable.

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How the Fed Undermines Prosperity

Booms and BustsThe FedBusiness Cycles


The boom-and-bust cycles are not natural to a market economy, contra Keynes. Instead, government through monetary manipulation creates them—and then politicians blame markets themselves.

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Why Must Supply Precede Demand? Understanding Economic Foundations

Booms and BustsAustrian Economics OverviewPraxeology


Popular economic thinking holds that consumer spending is the most important driver of the economy. Actually, demand can’t exist without something first being supplied.

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How To Prevent the Boom-Bust Business Cycle

Booms and BustsThe FedInflationBusiness Cycles


Fractional reserve banking allows the Federal Reserve to manipulate the money supply, leading to booms and busts. Central banking is not a defense against business cycles; it is a major cause of them.

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Fed Forecasts: Financial Sport or Costly Distraction?

Booms and BustsThe FedInflationU.S. Economy


Forget Vegas sports betting for reckless speculation. When the Fed officials make projections, the markets assume they are accurate. However, as Jerome Powell himself admits, forecasts are speculative at best.

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Bank CEOs Have Their Heads in the Clouds

Booms and BustsThe FedMoney and Banks


No matter the situation, bank CEOs believe that the Big Score is just around the corner. Then reality hits.

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