Boom-Bust in Microcosm
The key to avoiding "busts" is to avoid the credit expansion and "booms" that cause them. Booms are not periods of prosperity but of the squandering of wealth. The longer they last, the worse is the devastation that follows.
Booms and Busts
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How to Bully a Country into Bankruptcy
God forbid someone anger the hyperactive trade unions. They will use force, seize the economy, and fervently hunt down anyone who dares to think that each worker is responsible to consumers and not to union leaders.
Bank Failures in Slow Motion
We've only had 294 failures this cycle, but it is a big deal: adjusted to current dollars, the Depression banking crisis was $100 billion, the S&L crisis was $923 billion, and the current crisis is nearly $8 trillion.
The Recovery and Statism
Recorded at the Ludwig von Mises Institute; Auburn, Alabama; 9 October 2010.
Government’s Response to the Crisis: A Fantastic Success, for Government
Recorded at the Ludwig von Mises Institute; Auburn, Alabama; 9 October 2010.
The Financial Crisis and the Death of Macroeconomics
Recorded at the Ludwig von Mises Institute; Auburn, Alabama; 9 October 2010.
How This Recession Has Battered Mainstream Economists: An Austrian Opportunity
Recorded at the Ludwig von Mises Institute; Auburn, Alabama; 8 October 2010.
The Fed, Gold, and Troubled Times
Recorded at the Ludwig von Mises Institute; Auburn, Alabama; 8 October 2010.
Friday Night Lights(out): Bank Failures in Slow Motion
Recorded at the Ludwig von Mises Institute; Auburn, Alabama; 8 October 2010.
Recapitalizing the Banks but Decapitating the Economy
Recorded at the Ludwig von Mises Institute; Auburn, Alabama; 8 October 2010.
