Booms and Busts
2. A Secret History of the Boom and Bust
From Speaking of Liberty, as narrated by the author, pp. 25-40.
Money, Bank Credit, and Economic Cycles
Central Bankers Debate Asset Bubbles
Should central bankers actively undertake to burst asset bubbles, or should they stand around and watch them run out of steam, then try to clean up
Japan’s Housing Bubble, Busted
The New York Times ran a feature on the aftermath of Japan’s hou
Shark Attack
Sharks is a great reference for those looking for some background on the real players in Las Vegas who make headlines and billions, writes Doug French.
Oil: Sheer Bubble Speculation?
At a business conference in Sydney, Australia, Steve Forbes suggested that President Bush sell the US oil reserves and warned that the price of oil