Booms and Busts

Watch or listen to Mark Thornton's talk at the Mises Circle in Boston.

With such low interest rates, shouldn't we be experiencing a boom? The problem is, a solid economy requires much more than just low interest rates.

Because the only thing government is worse at than pricing risk, is learning from past mistakes.

The cure for the curse of the Federal Reserve and its grand experiment is to install a sound monetary order. The next US president must clean house.

The book is informative about inflation in all periods of human history, and researchers looking for concise overviews will find much use in it.

More than a decade ago, some South American countries were moving to the left in an effort to create a new paradigm. Things have not gone well for them.

With central banks falling into step in a seemingly inexorable race toward negative interest rates, this could point to bigger problems on the horizon.

It is a time of fiscal hedonism, engineered and encouraged by governments and their central banks, and sold to us as banal public policy and tinkering.

The key to economic growth is not optimism or good "animal spirits." They key is increased productivity and wealth accumulation.