Booms and Busts

Displaying 581 - 590 of 1783
G. P. Manish Felicia Jones
After the 2008 crisis, many Keynesians found a new appreciation for uncertainty in economics. Unfortunately, they misunderstand how uncertainty works.
Mark Thornton
Making production processes more roundabout results in greater production in terms of the quantity produced and a lower cost on a per-unit basis.
Louis Rouanet
The “constant flicker” of American life described by Fitzgerald in his novel is no less than the artificial boom driven by the Fed during the 1920s.
Ryan McMaken
Although once controversial, government purchases are now included in GDP measurements. But, it may be still useful to remove these purchases from GDP.
Frank Shostak
Technology doesn't tell us much about whether we're prone to a recession. The much larger issue is inflation-induced misallocation of resources.
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.