Booms and Busts

Business cycles are usually treated as though they were unavoidable natural phenomena, writes William Anderson, when they are actually the result of government manipulation.

There are some bright spots in the American economy, but look beneath the surface. Stefan Karlsson warns that the downside of bad policy may have been merely postponed. 

It was capitalism that finally ended the Great Depression, not FDR’s harebrained cartel, wage-increasing, unionizing, and welfare state expanding policies.

The Las Vegas housing market is far from dead. But will it roar ahead after this brief hiccup as Stephen Bottfeld predicts? Is demographics Vegas's destiny? Who knows? But, one may recall that Harry Dent, Jr. used demographic studies to predict that the Dow Jones Industrial Average would reach 40,000 by 2007.

This year's Nobel laureates in economics, writes Frank Shostak, have contributed to further obscuring our understanding of the business cycle.

Krassimir Petrov, an alumnus of Mises Institute programs, presents China&#

You Austrians have it all wrong. Bubbles are not caused by inflation. They are caused by increases in the money supply.

It was capitalism that finally ended the Great Depression, writes Tom DiLorenzo, not FDR's hair-brained cartel, wage-increasing, unionizing, and welfare state expanding policies. 

Cast aside all the trumped up claims concerning the power of the central bank to achieve price stability, writes Antony Mueller.

Frank Shostak explains what Mises meant when he wrote that: "The Santa Claus principle liquidates itself." Most individuals in the western world take the ample availability of goods and services for granted.