These Eight Words Helped Cause the Great Depression
Here are the fateful words that set the stage for years of high unemployment: “We believe in the principle of high wages.”
Booms and Busts
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In Hiking Interest Rates, Jerome Powell is Living Dangerously
The Fed is already living dangerously with its recent hike, and further rises will all but guarantee a credit crisis.
No, the President Isn’t “Running the Country”
Behind the scenes, the great machine of government churns along, often in complete disregard to the president or his stated policies.
Housing: High Prices, Few New Units
We're in a boom period, but housing construction is scant — which is making housing less affordable.
The Austrian Theory of the Business Cycle in the Light of Modern Macroeconomics
The Austrian theory of the business cycle has many critics.
“More Data” Won’t Improve Economists’ Lousy Predictions
Letting data drive theory is like groping in the dark hoping to find not only a light switch, but the very idea of a light switch as well.
Improving Expectations Won’t Improve the Reality of Economic Conditions
Central banks can put in motion a prolonged deviation of expectations from the facts of reality. But they can't keep it up forever.
Measuring the Global ECONOMIC Temperature
Here are two ways to gauge the strength of the world economy.
Mark Thornton: Is the Bust Here?
With stock markets in turmoil earlier this week, Mark Thornton and Jeff Deist discuss booms and busts.
A Sideways Skyscraper Curse?
Project Neon is the largest public works project in Nevada history.
