The Government Wrecks the Economy
What is the right response to a recession? The first rule must be to do no harm.
Booms and Busts
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The Oil-Price Bubble
We define a bubble as the outcome of activities that have emerged on the back of the loose monetary policy of the central bank. In the absence of monetary pumping, these activities would not have emerged.
Are Recessions Deflationary?
In the present article I am not taking a stand on whether price inflation will be high or low in 2008.However I will say this: If you are revising your inflation forecasts downward because of your expectation of sluggish economic growth, you might want to rethink that logic.
Did the Fed Cause the Housing Bubble?
The Fed's role in the housing boom and bust is a classic illustration of the Austrian business cycle theory.
Please, Not Another FDR
It is paramount for a free society to ensure, in the marketplace of ideas, that only good ones, based on sound theory and history, take root.
Why the Fed Can’t Do What It Wants to Do
The increase in monetary pumping however sets in motion a new boom-bust cycle. Also, once economic activity starts to recover on its own (as a result of the improvement in the pool of real funding) any "help" from the Fed can only slow down the process of recovery.
The War on Recession
So it was in 1920 and 1921. The government didn't intervene and voila normalcy returned.
The Fed’s New Tricks Are Creating Disaster
We define a bubble as the outcome of activities that have emerged on the back of loose monetary policy of the central bank.
