Booms and Busts

 If historical cases of hyperinflation — real, and virtual — have one thing in common, it is the instinct among its victims to blame the symptoms rather than the disease.

This extensive work supplements and verifies Rothbard’s arguments in <em>America's Great Depression</em> and extends the analysis to the Roosevelt New Deal era.

Earlier this month I chatted with with fellow economist Morgan Reynolds on his

Peter Schiff makes a few calculations on Japan’s anti-deflation campaign.

Here is a great 5 minute video where David Stockman is interviewed.

Thomas J.

Murray Rothbard argued that the cause of the Great Depression was the result of Herbert Hoover’s New Deal policies which sought to keep wages

For years we have been told that Japan is a fallen giant that was crippled by the stock market crash of 1989 and has yet to recover.

The crash was said to prove how destructive “unregulated capitalism” could be and how dangerous its supporters were.

The breakdown of sound money has now finally generated a cruel endgame.