Booms and Busts

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.

There is a new record setting skyscraper in the making in the Unit

A few comments on Jeff Hummel’s lengthy JLS review of Tom Woods’s

So when is the manure going to hit the fan? Schiff doesn't know, but "when the bubble is this big, there are just so many potential pins that it is impossible to guess which one it will find first."

Second Life's residents could benefit from a closer look into the actual workings of its economy, and the effects of economic intervention.

In many ways, the Mises Institute bears a heavy burden as the world's leading institutional voice for peace and economic liberty. And we are working in every way possible to make sure that the flame of freedom is not extinguished, even in the face of legions of charlatans and powermongers. Even though the politics of our times is as dark as ever, there are bright lights on the horizon.