Booms and Busts

In 1929, what remained of laissez-faire policy in America was brushed aside. Led by President Hoover, the government embarked on what has accurately been called the "Hoover New Deal."

Tho and Jonathan discuss the supposedly transitory aspect of inflation, the overshadowing of economics by central planning, Keynesian economics, and more.

In spite of what they say, governments will do nothing about inflation. Even though "money printing" is the real cause of this, governments will just keep blaming red herrings like supply chain problems.

In spite of what they say, governments will do nothing about inflation. Even though "money printing" is the real cause of this, governments will just keep blaming red herrings like supply chain problems.

It will come as yesterday's news that the speculator is perennially under attack by the social justice warriors. Yet speculators serve a crucial and valuable role in surviving economic disasters.

The Fed is dumping cash into Fannie and Freddie which is helping investors buy up more trailer parks. 

It will come as yesterday's news that the speculator is perennially under attack by the social justice warriors. Yet speculators serve a crucial and valuable role in surviving economic disasters. 

The Fed is dumping cash into Fannie and Freddie which is helping investors buy up more trailer parks. 

Paul Krugman recently used his column to attack Austrian economics—yet again—but his attacks rely mostly on myths, poor reasoning, and misinformation. 

While bankruptcy has a negative connotation in the business world, “Bankruptcy fulfills the crucially important social function of preserving the available stock of capital."