Booms and Busts

Many observers have dismissed the significance of the yield curve inversion in 2022.

The Mises Institute's Executive Editor Ryan McMaken joins Bob to discuss his latest article, in which Ryan spells out the state of the M2 money supply and possible implications for consumer prices and an impending recession.

Why do things take so long to unravel? What will happen next?

The Keynesian prescription for an economic downturn is for government to increase spending to improve so-called aggregate demand. In reality, this is a recipe for worsening the recession.

Rental prices are falling as the markets adjust to new realities. The Austrian business cycle theory explains why this is happening.

How can a bank “create money out of thin air”? We must enter the magical kingdom of “fractional-reserve banking,” where deposits are turned into loans, loans are turned into money, and so on, to find out.

The Fed's latest attempt to correct the inflation it caused is putting the market on a crash course.

As the Fed increases interest rates to reverse the inflation it has caused, firms that depended on easy money will face the bankruptcy judge. Stay tuned; there's more to come.

The usual suspects such as Robert Reich claim that corporate profits are causing inflation. Actually, increases in corporate profits are tied to increases in inflation.

Mark takes a look at all the wrong predictions of recessions in recent years.