Booms and Busts

Why transparency and liquidity won't bring financial stability.

A world central bank and currency can only further destabilize the global economy. 

Clinton has called for a new global financial architecture, but it is sure to collapse.

An Austrian explains why Japan cannot shake off its dreadful recession. 

 Milton Friedman attacks Austrian economics in Barron's, Two responses.

Downturns have an upside. The Fed should not intervene to stop them.

Two Austrian economists argue that the markets are overinflated. 

As the "experts" counsel Japan to gun the money supply, an Austrian has a better idea.

If the stock market crashes, will the Fed flood the economy with money?

When the IMF declares a country an "economic miracle," look out. A financial crisis cannot be far behind.