Are Technology Shocks Responsible for Business Cycles? In a Word, No.
The theory of real business cycles won a Nobel Prize, but it ultimately confuses cause with effect.
Booms and Busts
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Austrian Economists Are Not Surprised by the Shortages
While supporters of the Biden administration fault Putin for shortages, Austrian economists know the answer lies in Washington's monetary and economic mismanagement.
The Fed’s Latest Housing Bubble
After the 2008 housing bust, the government supposedly set up a fail-safe mortgage program aimed at preventing future bubbles. It failed.
Forget What the “Experts” Claim about Deflation: It Strengthens the Economy
Typical economic commentary claims that deflation is a Very Bad Thing. Think again.
The Chinese Slowdown: Much More Than Covid
It is easy to blame the covid-19 lockdowns for the weakening Chinese economy, but that would be a gross simplification.
How Did CNN+ Get Canned by Netflix? Austrian Economists Might Have an Answer
The Fed's reckless behavior has undermined Netflix more than the losses at CNN+.
How Did CNN+ Get Canned by Netflix? Austrian Economists Might Have an Answer
The Fed's reckless behavior has undermined Netflix more than the losses at CNN+.
Economic Theory Begins with Human Action, Not Data Sets
Austrian economics begins with logical deductions made from what we know about human action, not data sets that are subject to change.
If We Ride the Cantillon Wave, We Should Remember That We’ll Crash with It Too
The Federal Reserve has created a tsunami of new money, but a tsunami ultimately must crash, and so will the Fed's inflation scheme.
Is There a Case for the Pre-1914 Gold Standard? Yes, If You Believe Inflation Is a Bad Thing
Academic economists since John Maynard Keynes have mocked the classical gold standard, but when government implemented their system, we got inflation and destruction of the currency. Time to rethink the success of that gold standard.
