Booms and Busts

The Jeddah Tower in Saudi Arabia remains listed for “completion” in 2020. Will its completion trigger a new Skyscraper Curse?

Recorded at Mises University 2018.

Recorded at Mises University 2018.

As investments — previously thought to be profitable — turn out to be flops, firms will start liquidating unfinished projects and layoffs will begin.

The Social Security and Medicare trust funds will both soon be bankrupt, putting additional strains on the federal budget and American taxpayers.

Here are the fateful words that set the stage for years of high unemployment: “We believe in the principle of high wages.”

The Fed is already living dangerously with its recent hike, and further rises will all but guarantee a credit crisis. 

Behind the scenes, the great machine of government churns along, often in complete disregard to the president or his stated policies.

We're in a boom period, but housing construction is scant — which is making housing less affordable.

The Austrian theory of the business cycle has many critics.