Booms and Busts

Displaying 1011 - 1020 of 1779
Douglas French

No, the bill can't be paid and won't be paid. That much should be obvious. But denying the obvious is a mental trait built into the structure of the system. The economic crisis of 2008 was really just the realization that the consumer-debt load at the time was unsustainable.

Robert P. Murphy

Here we see the huge gulf between Austrian and Keynesian analysis.

Robert P. Murphy

Ron Paul recently made (another) splash among economic pundits with his suggestion that the Treasury simply cancel the $1.6 trillion in its debt.

Douglas French

While you may see those who walk away from underwater mortgages as morally wrong for breaking their mortgage vows, others see those who stay for the financial beating as stupid. No matter. As prices continue to fall, millions more will make a run for it.

Stephen Mauzy
Where do the government-bond-investing gurus think government gets the money to run up astronomical deficits?
Robert P. Murphy

In the standard Austrian theory of the business cycle, the question is not "How do we get out of a recession?" Rather, the question is "How do we avoid the boom?" According to the Mises-Hayek theory, the preceding boom makes the corrective bust <i>inevitable</i>.