Booms and Busts

“The Great Depression” by Robert LeFevre.

“Wealth and Politics” by Robert LeFevre.

Steeped in American history and Austrian economics, this extraordinary film is the clearest, most compelling explanation ever offered of the Fed, and why curbing it must be our first priority.

Recorded at the 2003 Supporters Summit: Prosperty, War, and Depression.

(25:00)

Recorded at the 2003 Supporters Summit: Prosperty, War, and Depression.

(38:26)

Recorded at Mises University 2003.

Jorg Guido Hülsmann addresses some of the Problems in Cycle Theory at the 2003 Austrian Scholars Conference.

Boom, Bust, and the Future (23:29) January 18-19, 2002

One of the most difficult things to understand about banking is how money is created out of thin air.  Current commercial bank liabilities are immediate. The banks do not have the reserves to redeem all demand notes. Thus, banks are inherently insolvent. But, government has eliminated runs on banks. Banks are not allowed to fail when they are mismanaged.

Recorded at Mises University 2001.