Booms and Busts
Displaying 1571 - 1580 of 1824
The Sociology of Panics and Crashes in American History
Boom, Bust, and the Future (19:39) January 18-19, 2002
The Biggest Lies about Recessions and War
Recorded at the 2003 Supporters Summit: Prosperty, War, and Depression.
(24:29)
Did Greenspan Deserve Another Term?
Recorded at the 2003 Supporters Summit: Prosperty, War, and Depression.
(25:00)
Anatomy of a Market Meltdown
Recorded at the 2003 Supporters Summit: Prosperty, War, and Depression.
(38:26)
Problems in Cycle Theory
Jorg Guido Hülsmann addresses some of the Problems in Cycle Theory at the 2003 Austrian Scholars Conference.
Banking and the Business Cycle
One of the most difficult things to understand about banking is how money is created out of thin air. Current commercial bank liabilities are immediate. The banks do not have the reserves to redeem all demand notes. Thus, banks are inherently insolvent. But, government has eliminated runs on banks. Banks are not allowed to fail when they are mismanaged.
Are Bubbles Efficient?
Like the children of Lake Wobegon, writes Robert Blumen, many investors in the 1990s believed that stock market returns would always be above average. They were proven wrong. But Greenspan and many others advance a slightly different justification for the bubble: the efficient markets hypothesis, which argues that the current price, whatever it is and even when pump up by credit expansion, is the best of all possible worlds.
