Booms and Busts

Discarding the possibility of a change in public labor policy, the only means of restoring equilibrium in the labor market is through a sustainable increase in aggregate demand for labor — an increase in private investment.

Recorded at FreedomFest, 10 July 2010.

"Deflation is one of the great scarecrows of present day economic policy and monetary policy in particular,"

Indeed, deplorable conditions existed, but one must not blame the factory owners, who did all they could to eradicate them.

Shows how Austrian economics is basis of Skyscraper Index, which has correctly predicted most economic and housing crises of 20th century.

Looks at causes of the 1929 crash and ensuing depression, with lessons for today. Recorded at Mises University 2010.

Recorded at Mises University 2010. Includes an introduction by Llewellyn H. Rockwell, Jr. 

Combine loose money with flawed financial theories and the creation of byzantine financial products, and ultimately modern financial alchemy "has a distinctly statist and paternalist tone, and one which, taken to its logical conclusion, implies the establishment of nothing less than a world government with the power to redistribute most of our income at will," explain the authors.

Tom Kowitz and Michele Gaudin of WGSO 990AM, New Orleans, interview Professor Walter Block, 17 July 2010.

In a free market, an unemployed man has always chosen unemployment over working in a place, at a time, in a way, or for a wage that he dislikes, wr