Booms and Busts

When did fiscal and monetary sanity become a radical position in America? Jeff Deist interviews Jim Grant, editor of Grant's Interest Rate Observer.

What are the limits to Austrian Business Cycle Theory? Does it need help to explain business cycles?

There's no need for pessimism over the idea that there is a recession ahead, and that the stock markets must plunge. No, this is the good news!

The Yen remains strong for a variety of reasons. Restrained monetary policy in Japan isn't one of them.

Our greatest enemy today is the economic illiteracy and confusion on the part of those who insist on “planning,” “stabilizing,” and straitjacketing the economy.

Ships aren’t cheap to purchase. But when financing is abnormally cheap and expectations of future business are rosy, it stands to reason that shipping companies would put in a raft of orders.

Thanks to the great Tatsuya Iwakura, who has translated numerous books by Austrian economists into Japanese, The Austrian Theory of the Trade Cycle and Other Essays, edited by Richard Ebeling, is now available as a Kindle book in Japanese.

Recessions are good for an economy because they involve a resolution process, but a big recession for this boom town could be great for the world economy.

Joseph Salerno reviews James Grant's new book The Forgotten Depression — 1921: The Crash That Cured Itself in the spring 2016 issue of The Independent Review.