Deflation and Economic Growth: The Great Depression as the Great Outlier
The Great Depression is the only period where deflation seems to be strongly associated with recession.
Booms and Busts
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In Europe, Exploited Regional Populations Are Growing Restless
Since 2008, we’ve been living in lean times, and the longer people go on without a true recovery, the more resentful they’re going to be.
Gold versus Fractional Reserves
A dual currency system could eventually permit a smooth transition back to a sound gold currency.
Are Markets Really as Calm as they Seem?
Given its track record, there is little reason to expect that the Fed won’t mess things up this time.
Murray Rothbard and the Deflation Bogey
Contra the "experts," the economy really needs a strong bout of deflation to eradicate malinvestments and to permit the economy to have a real recovery.
More Spending Does Not Drive More Employment
Entrepreneurship — not spending — is the key to a growing economy.
Do Seasonal Adjustments Help Identify Business Cycles?
Without a coherent theory based on purposeful human action, it is not possible to begin to understand the causes of business cycles.
Mark Thornton Explains Our Fake Economy
Mark Thornton explains why there's nothing natural, real, or sustainable about the current Yellen boom.
Oil Is Cheap — Why OPEC Can’t Do Anything About It
Only the future will tell if OPEC’s measures have any effect on oil prices or if our interpretation that they aren’t able to move prices is true.
How We Should Name Business Cycles
Economists have long played semantic games with how they name business cycles. This is how they should do it.
