Booms and Busts

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Forget Hemlines. Mom Jeans Are Now an Economic Indicator.

Booms and Busts

Blog05/26/2021

Many have long speculated that there is a correlation between economic prosperity and the length of women's hemlines. But perhaps it's now "mom jeans," with their high waists and ample fit, that indicate the true state of the economy. 
 

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Monetary and Fiscal "Stimulus" Is Undermining the Global Recovery

Booms and Busts

Blog05/22/2021

Today’s calls for a plethora of new government stimulus polices to usher in a "recovery" will only cripple efforts by investors and entrepreneurs to get the global economy back on track. 

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Do Austrians "Hate Math"?

Booms and Busts

Blog05/21/2021

Quantitative methods are indeed useful and enlightening in the fields of economic history and descriptive economics. For Mises, however, these fields do not fall within the field of economics, narrowly understood. 

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Inflation Is Great If You're Already Rich

Booms and Busts

Blog05/19/2021

We've seen pictures of empty shelves in Venezuela. Meantime, the one-year return on the Caracas stock exchange is 1,804.92 percent. If you're already rich in assets, inflation is a big nothing burger. But it's a problem if you're poor. 

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The "Miracle Recovery" Narrative: We'll Just Print Our Way to Prosperity

Booms and Busts

Blog05/03/2021

With a new round of panic-induced lockdowns, the situation in Europe is one closely resembling a state of national emergency. Yet the official narrative tells us the European economy is robust and flourishing. Time for a reality check.

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The American Rescue Plan: Limits of the Highly Visible

Booms and BustsCronyism and CorporatismEconomic Policy

Blog05/01/2021

In the long run, economic stimulus creates no shortage of losers. The state’s objective is always to extract as many eggs from the golden goose as possible, only now it's not important to keep the goose alive.

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The Economic Effects of Pandemics: An Austrian Analysis

Booms and Busts

Blog04/01/2021

How do recurrent cycles of boom and recession compare to isolated crises caused by extraordinary phenomena? 

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Can Las Vegas Recover from Covid?

Booms and Busts

Blog03/30/2021

In Las Vegas, airline passengers plummeted 64 percent during 2020, and the convention business has collapsed. For Vegas, there are troubling signs that the world is not in a hurry to spend freely on extravagant face-to-face meetings. 

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Money Isn't Neutral: Why Economic Stabilization Schemes Are Counterproductive

Booms and Busts

Blog03/24/2021

To foster economic recovery, we do not need "stability." What we need is an environment of freely changing prices, even if price changes are frequent and substantial. Only this call allow markets to respond to consumer needs. 

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The Everything Bubble: How A Debt-Driven Economy Creates More Frequent Crises

Booms and Busts

Blog03/22/2021

For decades, demand-side policies showed diminishing but not lethal results, but now the world has repeated the same policies so many times that there is simply exhaustion.

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