Throwing Printed Money at This Problem Won’t Make It Go Away
The crisis we faced in 2008 has not gone away, as we failed to heed its warning to change course and reduce debt levels. Instead, it has become bigger and more dangerous.
Booms and Busts
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Say’s Law and the Effects of a Growing Money Supply
Economic growth results from increasing production, and the money supply is always sufficient to foster exchange. The boom-bust cycle only occurs when production is distorted by a growing money supply.
Man, Economy, and State: Entrepreneurship and Change
Hunter Hastings joins Jeff Deist with great insights into the social benefits of profit vs. interest, entrepreneurial risk, progressing and retrogressing economies, and the bunkum known as the "Paradox of Saving." They focus on Chapter 8 of Rothbard's Man, Economy, and State.
Say’s Law and the Effects of a Growing Money Supply
Economic growth results from increasing production, and the money supply is always sufficient to foster exchange. The boom-bust cycle only occurs when production is distorted by a growing money supply.
Say’s Law and the Austrian Theory of the Business Cycle
Economists have tried to explain business cycles as well as fluctuations in the economy, but over the past two centuries, the explanations have fallen into two areas.
Rothbard’s Rules
Murray Rothbard’s number one rule in an economic crisis is for the government not to interfere with the market’s adjustment process. Doing so will only perpetuate the crisis.
Central Bankers Gone Wild: It’s a New Era at the Fed
When people are scared they let the authorities get away with all sorts of nonsense. We're seeing this with the Federal Reserve right now.
An L-Shaped Recovery Is Not an Anomaly, It Is the Norm.
The massive bailout of indebted sectors that already had overcapacity and were in process of obsolescence may also drive the largest wave of malinvestment in decades. If the previous recoveries came with poor wage and capital expenditure growth and high debt, the next one will likely be even worse.
An L-Shaped Recovery Is Not an Anomaly, It Is the Norm.
The massive bailout of indebted sectors that already had overcapacity and were in process of obsolescence may also drive the largest wave of malinvestment in decades. If the previous recoveries came with poor wage and capital expenditure growth and high debt, the next one will likely be even worse.
Why Didn’t the 1958 and 1918 Pandemics Destroy the Economy? Hint: It’s the Lockdowns
The 1958 pandemic killed twice as many people as COVID-19 has so far. Yet, the economy in 2020 has collapsed far worse than either in 1958 or the far worse pandemic of 1918.
