Booms and Busts

Displaying 1 - 10 of 1204

George Selgin Misunderstands Rothbard's Position on Fractional-Reserve Banking

Booms and BustsMoney and BanksMoney and Banking

Blog09/10/2018

Selgin thinks fractional reserve banking critics are akin to "flat-earthers", but he gets some important points wrong. 

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Why the "Economy Is an Engine" Metaphor is So Wrong

Booms and BustsThe Entrepreneur

Blog09/06/2018

The economy is not an engine, or a tool, and does not perform any “work.” The economy is you and me.

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Why You Should Read Mark Thornton's The Skyscraper Curse

Booms and BustsBusiness Cycles

Blog09/01/2018

With this book, I am hopeful fewer Americans will be duped the next time there is a crash, and the mainstream experts assure us that more government  intervention will solve the problem.

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The Economy: Winter Is Coming

Booms and BustsFinancial Markets

Blog08/29/2018

From the yield curve to money supply growth, there are good reasons to believe we are in the autumn of the current expansion.

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British Manufacturing Slumps as Bank of England Raises Interest Rates

Booms and BustsBusiness Cycles

Blog08/14/2018

"Higher order" industries like manufacturing and mining are particularly sensitive to changes in interest rates. And it doesn't look like anything's different this time around.

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Big Plans for the Jeddah Tower Continue as Asset Prices Boom

Booms and Busts

Blog08/07/2018

The Jeddah Tower in Saudi Arabia remains listed for “completion” in 2020. Will its completion trigger a new Skyscraper Curse?

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All Is Not Well In Financial Markets

Booms and BustsMoney and Banking

Blog07/24/2018

As investments — previously thought to be profitable — turn out to be flops, firms will start liquidating unfinished projects and layoffs will begin.

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Spending Our Way to a Fiscal Crisis

Booms and BustsTaxes and Spending

Blog07/23/2018

The Social Security and Medicare trust funds will both soon be bankrupt, putting additional strains on the federal budget and American taxpayers.

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These Eight Words Helped Cause the Great Depression

Booms and BustsLabor and WagesBusiness Cycles

Blog07/09/2018

Here are the fateful words that set the stage for years of high unemployment: “We believe in the principle of high wages.”

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In Hiking Interest Rates, Jerome Powell is Living Dangerously

Booms and BustsThe FedFinancial Markets

Blog06/14/2018

The Fed is already living dangerously with its recent hike, and further rises will all but guarantee a credit crisis. 

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