Booms and Busts

In testimony before the House Commit

In the Austrian view, the boom-bust cycle is caused by the Fed's maintenance of artificially low interest rates, which causes businesses to expand, hire workers, buy other resources, and so forth, even though these projects are not justified by the true supply of savings in the economy. The greater the "stimulus" the worse the malinvestments.

This boo

Even organized crime is feeling the pinch from the rapidly deflating housing bubble.

For you Fed-heads, the papers from the Fed’s Ja

Alan Greenspan is in the news a lot currently because of the release of his new book. I haven’t read the book.

In their eagerness to keep the pot boiling somehow, somewhere, many financial pundits are spinning the line that Emerging Markets now offer a form

While panelist from The Onion debate this issue, deleteri

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: