Do “Technology Shocks” Create the Boom-Bust Cycles?
The 2004 Nobel Prize in economics was awarded to two economists for their claim that "technology shocks" cause boom-bust cycles. They have it wrong.
Booms and Busts
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The End of World Dollar Hegemony: Turning the USA into Weimar Germany
Americans think hyperinflation can't happen here. Yet government spending and money creation are out of control, and it will not take much to trigger massive price hikes.
The Fed’s Current Monetary Stance Will Lead to Stagflation, Not Deflation
After following hyper-Keynesian policies for more than two decades, the Fed is about to create the conditions that Keynesians claimed were impossible: an inflationary recession.
The Nobel for Government Intervention: Bernanke and Others Rewarded for Flawed Theories
This year's trio of Nobel winners in economics are short on actual economics and long on government intervention.
The Fed’s Current Monetary Stance Will Lead to Stagflation, Not Deflation
After following hyper-Keynesian policies for more than two decades, the Fed is about to create the conditions that Keynesians claimed were impossible: an inflationary recession.
The Nobel for Government Intervention: Bernanke and Others Rewarded for Flawed Theories
This year's trio of Nobel winners in economics are short on actual economics and long on government intervention.
Ben Bernanke’s Nobel Prize: The Committee Rewards an Arsonist for Claiming to Fight the Fire He Started
Former Fed chairman Ben Bernanke and two other economists have received the Nobel in economics this year. Their work on banking is weak on causality and fails to recognize the damage done by the central bank.
How the Policy of Price Stability Generates Greater Economic Instability
The Fed claims 2 percent inflation promotes "price stability." However, that policy also causes the boom-and-bust cycle, which is anything but stable.
Genuine Recovery Is Up to Investors, Producers, and Consumer Choice
Recovery is genuine only when it reaches the masses of individuals. And recovery comes only from the actions of individuals acting in a free market.
How the Policy of Price Stability Generates Greater Economic Instability
The Fed claims 2 percent inflation promotes "price stability." However, that policy also causes the boom-and-bust cycle, which is anything but stable.
