The housing bubble has been replaced by a number of new bubbles. Among them is the auto loan bubble. Car loans now last longer than ever and are going to more people with bad credit. This might not end well.
The Big Short is a pretty good movie, but there are a few things it leaves out.
Populism was in the air this week as ranchers in the Western US opposed the spread of federally-owned lands, and reformers in Switzerland look to a referendum on fractional reserve banking.
Like the Greenspan Fed before it, the Yellen Fed has doubled down on easy money, but will trigger a crisis once it tries to inch toward more normal interest rates.
Happy New Year from everyone at the Mises Institute! After an exciting 2015 filled with important research and growth in our global reach, we look forward to 2016. We start the new year with a Mises Weekends from Judge Andrew P. Napolitano.
With a new funding package in place, the Jeddah Tower — on track to be to be the world’s next tallest skyscraper — is moving forward. Will it prove to be like the Burj Khalifa tower and signal the next bust?
“Austrian insights distill the complexity of what we business owners do down to a very simple mantra: satisfy the desires of others. That's it. That's all any of us are trying to do.”
