Booms and Busts
Displaying 1211 - 1220 of 1772
Inflation: What You See and What You Don’t See
People are being told by governments, central bankers, and leading mainstream economists that money-base expansion is not inflationary — because th
Can the “Mimetic Effect” Explain Speculative Bubbles?
Artificial credit created by a deceptively low rate of interest leads to speculative bubbles.
Return of the Dead Hand
Remove all government impediments to effective entrepreneurial planning: avoid protectionist measures internationally; allow prices and wages to adjust as needed to restore market equilibrium. Not only cut tax rates, as was done in the incomplete reforms of the 1980s and early in this century, but, per Rothbard, drastically reduce the government budget, both taxes and expenditures.
The Deflating Bubble
"All of this government intervention will only spawn new malinvestments and later depressions."
Murphy Sets the Record Straight
True prosperity did not return until "the federal government relinquished its stranglehold on the American economy."
Sorry, We’re Clothed
The wealth that strip-club patrons and strip-club moguls thought they had to throw around was but an illusion, and the reality is sobering for the entertainers, cabbies, politicians, and others who have been riding the strip-club boom.
Why the Meltdown Should Have Surprised No One
"In a year or two, we just moved right from that stock-market bubble, almost seamlessly, into the real-estate bubble, and nobody could see that there was any similarities."
