Booms and Busts

It’s been a kick digging up all these lost books by Garet Garrett. What amazing insight he had in economics and politics!

The Wall Street Journal recently featured a lead article on economist Hyman Minsky:

Granted, many of us have benefited from this era of "easy money," but that is going to change. Indeed, the party is over, the lights are out, and I don't know when they will be turned on again.

Despite what critics of the ABCT say, entrepreneurs can't easily avoid the effects of Fed intervention.

A bizarre letter to the editor in the Business section of the Boston Globe:

James Grant writes in the New York Times today, on cue as

With the collapse in the price of sub-prime mortgage backed securities and credit derivatives, the credit boom has moved into the crisis phase.

The turmoil in financial markets is eliciting the usual response from the central bankers, all up there in their Hueys, ‘Die Walkuere’

The turmoil in the credit markets now emanating from the collapse of the housing bubble can be understood in the light of the theory of the busines

Recorded at Mises University 2007.