Booms and Busts

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Ludwig von Mises

All governments are firmly committed to the policy of low interest rates, credit expansion, and inflation.

James G. Rickards

Central banks never recovered and "normalized" their balance sheets after the 2008 crisis. That means the current system is very fragile.

Brendan Brown

The markets are betting on a new Trump-driven economic miracle to soften the blow of the next recession. It may be a vain hope.

Frank Shostak

Donald Trump's spending plans will not invigorate the economy. However, There are some things Trump could do to truly encourage wealth creation.

Frank Shostak

Mises made a distinction between credit that is backed by savings, and credit that is not. The second type plays a key role in the boom-bust cycle.

Brendan Brown

There are really two types of asset-price-inflation periods. One is the "boom" type, but the other is the current "depression" type.

Mises Institute

Joseph Salerno spoke on "Why Falling Prices Are Good for Business" at Ramapo College in New Jersey on October 4.

Mark Thornton

Putting the finishing touches on the world's largest building in China

Mark Thornton

It turns out that the Japanese people do not have the Apoplithorismosphobia that their government officials have.