Wine, Art, and Ferraris: The Bubble in Luxury Goods
Our inflationary economy is sending the prices of luxury goods soaring — while prices on products for regular people are often flat.
Booms and Busts
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What Nassim Taleb Can Teach Us
Austro-libertarians will find much to admire in his brilliant takedowns of the “pseudo-experts” in academia, journalism, politics, and science.
Auto Loans: The Next Debt Bubble?
The auto-loan market has recently ballooned, but the delinquency data raises questions about how much longer these spending habits can last.
Ryan McMaken on The Power Hour
Ryan McMaken interviewed by Daniel Brigman on The Power Hour radio show.
For Keynesians and Austrians, “Uncertainty” Means Two Different Things
After the 2008 crisis, many Keynesians found a new appreciation for uncertainty in economics. Unfortunately, they misunderstand how uncertainty works.
Why Understanding “Roundaboutness” Is so Important
Making production processes more roundabout results in greater production in terms of the quantity produced and a lower cost on a per-unit basis.
The Great Gatsby and the Fed
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.
Updating Robert Higgs’s “Gross Domestic Private Product”
Although once controversial, government purchases are now included in GDP measurements. But, it may be still useful to remove these purchases from GDP.
Can Technology Prevent a Recession?
Technology doesn't tell us much about whether we're prone to a recession. The much larger issue is inflation-induced misallocation of resources.
Why Government Solutions Usually End in Inflation
All governments are firmly committed to the policy of low interest rates, credit expansion, and inflation.
