Krugman: We Need More Unemployment—to Save Us from Unemployment
Paul Krugman is now claiming that reopening the economy and allowing people to go to work almost surely will cause a depression.
Booms and Busts
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Krugman: We Need More Unemployment—to Save Us from Unemployment
Paul Krugman is now claiming that reopening the economy and allowing people to go to work almost surely will cause a depression.
How Central Banks and Lockdowns Are Making the Crisis Worse
After 2018, the US economy was already headed toward a recession. But bailouts and lockdowns have made things even worse.
How the COVID-19 Lockdowns Will Increase Resentment of the Elderly
How do the shutdowns increase ageism? Because millions have arguably been thrown out of work in the name of protecting the elderly. The resulting economic devastation comes at the expense of younger workers, parents, students, and families.
How Bad Is It?
Crashes are fast, like that first hill on a coaster. Recoveries are not, for the simple reason that production is more difficult than destruction.
Ludwig von Mises’s “Circulation Credit” Theory of the Trade Cycle
The latest installment in the Understanding Money Mechanics series summarizes the theory of the business cycle originally published in 1912 by Ludwig von Mises and elaborated by Friedrich Hayek.
How Bad Is It?
Crashes are fast, like that first hill on a coaster. Recoveries are not, for the simple reason that production is more difficult than destruction.
How This Crisis Differs from the 2008–2009 Financial Crisis
In this crisis the money supply has already increased far more than during the last crisis. But it's hard to say when this will produce inflation because we're still in the midst of a demand shock and a collapse in oil prices.
How This Crisis Differs from the 2008–2009 Financial Crisis
In this crisis the money supply has already increased far more than during the last crisis. But it's hard to say when this will produce inflation because we're still in the midst of a demand shock and a collapse in oil prices.
The COVID Crash: A Webinar with Daniel Lacalle
Join the Mises Institute and economist Daniel Lacalle for a special live seminar on the COVID-19 crisis and what it means for your economic future.
