Booms and Busts

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.

Don Boudreaux writes:

I recommend the book to anyone who wants an analysis of current economic trends from an Austrian viewpoint along with some appropriate investment ideas; it is one of the best examples of sound economic writing among investment books.

A new report says that housing

One myth upheld even by many people who has a basically sound outlook on monetary issues is the view that an inverted yield curve (where short term

Being fully aware of the dark side of the credit boom — that is its socially destructive ramifications — Mises argued for returning to free-market money, which he saw as the only monetary regime that would allow preserving the ideal of the free society.