Booms and Busts

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The American Rescue Plan: Limits of the Highly Visible

Booms and BustsCronyism and CorporatismEconomic Policy

Blog05/01/2021

In the long run, economic stimulus creates no shortage of losers. The state’s objective is always to extract as many eggs from the golden goose as possible, only now it's not important to keep the goose alive.

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The Inverted Yield Curve and Recession

Booms and BustsCapital and Interest Theory

Blog04/12/2021

Economists have failed to explain the mechanism by which an inverted yield curve signals an impending recession. But the Misesian explanation of the business cycle quite easily explains the pattern we observe in interest rates.

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The Economic Effects of Pandemics: An Austrian Analysis

Booms and Busts

Blog04/01/2021

How do recurrent cycles of boom and recession compare to isolated crises caused by extraordinary phenomena? 

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Can Las Vegas Recover from Covid?

Booms and Busts

Blog03/30/2021

In Las Vegas, airline passengers plummeted 64 percent during 2020, and the convention business has collapsed. For Vegas, there are troubling signs that the world is not in a hurry to spend freely on extravagant face-to-face meetings. 

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Money Isn't Neutral: Why Economic Stabilization Schemes Are Counterproductive

Booms and Busts

Blog03/24/2021

To foster economic recovery, we do not need "stability." What we need is an environment of freely changing prices, even if price changes are frequent and substantial. Only this call allow markets to respond to consumer needs. 

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The Everything Bubble: How A Debt-Driven Economy Creates More Frequent Crises

Booms and Busts

Blog03/22/2021

For decades, demand-side policies showed diminishing but not lethal results, but now the world has repeated the same policies so many times that there is simply exhaustion.

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Rothbard Explains How to Recover from an Economic Crisis

Booms and Busts

Blog03/05/2021

The answer lies in audacious economic reforms that favor markets and entrepreneurs: liquidate bad investments, let deflation happen, cut government spending, cut taxes, let wages fall.

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Jesús Huerta de Soto’s Six Stages of the Austrian Business Cycle: Which Stage Are We in Now?

Booms and BustsMoney and BanksBusiness Cycles

Blog02/10/2021

An unheralded work on the Austrian business cycle that rivals the work of the greats is Jesús Huerta de Soto’s Money, Bank Credit, and Economic Cycles, which outlines a multistate process of boom and bust. 

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Government's Money Monopoly and the "Great Reset"

Booms and BustsInflationMoney and Banking

Blog02/01/2021

It should be clear by now that the unbacked paper money system is not only a cause of crises, it is also the central instrument of control for the oligarchic party elites and their supporters.

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