Booms and Busts

All governments are firmly committed to the policy of low interest rates, credit expansion, and inflation.

Statistics issued by the federal government about the economy — from CPI to GDP — are fake, and our guest John Williams of Shadowstats.com explains how and why.

Central banks never recovered and "normalized" their balance sheets after the 2008 crisis. That means the current system is very fragile.

The markets are betting on a new Trump-driven economic miracle to soften the blow of the next recession. It may be a vain hope.

Donald Trump's spending plans will not invigorate the economy. However, There are some things Trump could do to truly encourage wealth creation.

Mises made a distinction between credit that is backed by savings, and credit that is not. The second type plays a key role in the boom-bust cycle.

There are really two types of asset-price-inflation periods. One is the "boom" type, but the other is the current "depression" type.

Joseph Salerno spoke on "Why Falling Prices Are Good for Business" at Ramapo College in New Jersey on October 4.

Putting the finishing touches on the world's largest building in China

It turns out that the Japanese people do not have the Apoplithorismosphobia that their government officials have.