Booms and Busts

Displaying 1301 - 1310 of 1771
George Reisman

"The enemies of capitalism and economic freedom … use the accusation of 'laissez faire' as a kind of ratchet for increasing the government's power."

Robert P. Murphy

Austrian school capital theory and business-cycle theory are the best I have found.

Frank Shostak

We suggest that decades of reckless monetary policies by the Fed have severely depleted the pool of real savings.

Joseph T. Salerno

Many laboring in the thriving cottage industry of Hayek biographers, critics and interpreters have commented on the transition from a "Hayek I" to a "Hayek II" that began in the late 1930s, portraying it as almost wholly an intellectual re-orientation and change in research interests. Few, if any, have recognized the radical alteration in analytical procedure and rhetorical style that characterized this transformation.

Llewellyn H. Rockwell Jr.

It was credit expansion and the attempt to keep prices high that prolonged the Depression, which would otherwise have ended by 1931 or 1932. On this point Bernanke is all wet.

Frank Shostak

At the root of the problem are not mortgage-backed assets as such but the Fed's boom-bust policies.

Antony P. Mueller

As long as governments and central banks continue to focus on the monetary symptoms of the "secondary depression" and continue to ignore the structural aspects of the "primary depression," they act like quacks.