Booms and Busts

Mises Daily Wednesday by Brendan Brown 

Milton Friedman once compared monetary stimulus to daylight saving time. But while daylight saving has an ending date, current monetary stimulus has no end in sight, and we’re just moving the clock ahead repeatedly without ever moving it back.

Milton Friedman once compared monetary stimulus to daylight saving time. But while daylight saving has an ending date, current monetary stimulus has no end in sight, and we’re just moving the clock ahead repeatedly without ever moving it back.

I am interviewed on Power Trading Radio about the Skyscraper Curse and Cyber Security Issues—Biggest Bank Heist in History!

This weekend, we feature our own Senior Fellow Mark Thornton in an appearance on Paul Molloy’s "Freedom Works" radio show.

Jeff Deist and Jay Taylor discuss markets, business cycle theory, and the Fed's latest bubble.

The world is teeming with skyscraper building from China to London, and a new record-setting skyscraper is planned for 2016 in Saudi Arabia. Will this skyscraper herald the next global economic crisis as Dubai's Burj Khalifa presaged the 2009 crisis?

More evidence the future of Austrian economics is in good hands is Patrick Newman’s excellent piece of scholarship recently published in the QJAE as "The Depression of 1873: An Austrian Perspective."

People accuse Austrian economics of being overly theoretical—but our guest John O’Donnell proves them wrong.

Korea's economy has taken off since the 1997 financial crisis, and so has Korea's cultural and economic prominence on the world stage. But is Korea repeating the mistakes of Japan and other centrally-planned boom economies?