Booms and Busts

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Wine, Art, and Ferraris: The Bubble in Luxury Goods

Blog05/24/2017Mark Thornton

Our inflationary economy is sending the prices of luxury goods soaring — while prices on products for regular people are often flat.

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What Nassim Taleb Can Teach Us

Booms and BustsFinancial MarketsPhilosophy and MethodologyPolitical Theory

Blog05/02/2017Jeff Deist

Austro-libertarians will find much to admire in his brilliant takedowns of the “pseudo-experts” in academia, journalism, politics, and science.

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Auto Loans: The Next Debt Bubble?

Booms and BustsU.S. Economy

Blog04/18/2017Shaun Bradley

The auto-loan market has recently ballooned, but the delinquency data raises questions about how much longer these spending habits can last.

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For Keynesians and Austrians, "Uncertainty" Means Two Different Things

Booms and BustsCapital and Interest Theory

Blog03/22/2017G. P. ManishFelicia Cowley

After the 2008 crisis, many Keynesians found a new appreciation for uncertainty in economics. Unfortunately, they misunderstand how uncertainty works.

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Why Understanding "Roundaboutness" Is so Important

Booms and BustsBusiness Cycles

Blog03/09/2017Mark Thornton

Making production processes more roundabout results in greater production in terms of the quantity produced and a lower cost on a per-unit basis.

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The Great Gatsby and the Fed

Booms and BustsMedia and CultureBusiness CyclesPolitical Theory

Blog02/17/2017Louis Rouanet

The “constant flicker” of American life described by Fitzgerald in his novel is no less than the artificial boom driven by the Fed during the 1920s.

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Updating Robert Higgs's "Gross Domestic Private Product"

Booms and BustsTaxes and SpendingBusiness Cycles

Blog02/17/2017Ryan McMaken

Although once controversial, government purchases are now included in GDP measurements. But, it may be still useful to remove these purchases from GDP.