Booms and Busts

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The End of World Dollar Hegemony: Turning the USA into Weimar Germany

Booms and BustsInflation

Blog11/09/2022

Americans think hyperinflation can't happen here. Yet government spending and money creation are out of control, and it will not take much to trigger massive price hikes.

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The Fed's Current Monetary Stance Will Lead to Stagflation, Not Deflation

Booms and BustsInflationUnemploymentBusiness Cycles

Blog10/24/2022

After following hyper-Keynesian policies for more than two decades, the Fed is about to create the conditions that Keynesians claimed were impossible: an inflationary recession.

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The Nobel for Government Intervention: Bernanke and Others Rewarded for Flawed Theories

Booms and BustsThe FedBusiness Cycles

Blog10/19/2022

This year's trio of Nobel winners in economics are short on actual economics and long on government intervention.

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Ben Bernanke's Nobel Prize: The Committee Rewards an Arsonist for Claiming to Fight the Fire He Started

Booms and BustsMonetary TheoryMoney and Banking

Blog10/10/2022

Former Fed chairman Ben Bernanke and two other economists have received the Nobel in economics this year. Their work on banking is weak on causality and fails to recognize the damage done by the central bank.

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How the Policy of Price Stability Generates Greater Economic Instability

Booms and BustsThe FedInflation

Blog09/30/2022

The Fed claims 2 percent inflation promotes "price stability." However, that policy also causes the boom-and-bust cycle, which is anything but stable.

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Genuine Recovery Is Up to Investors, Producers, and Consumer Choice

Booms and BustsFree Markets

Blog09/27/2022

Recovery is genuine only when it reaches the masses of individuals. And recovery comes only from the actions of individuals acting in a free market.

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Seeing the Student Loan Crisis as a Form of Boom and Bust

Booms and BustsBusiness Cycles

Blog09/24/2022

Conservatives have missed the point that it is not students particularly that are at fault for the student loan crises, but the entire bureaucratic economic-political system.

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Does Capitalism Itself Create Economic Instability or Is Central Banking the Culprit?

Booms and BustsCapitalismKeynes

Blog09/20/2022

Post-Keynesians believe that capitalism is internally unstable, leading to necessary intervention by the central bank. Austrians see that as backward reasoning, as policies by the central bank to create credit from nothing is the problem

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Powell's Pivot to "Pain" but No Gain: Triggering the Coming Recession

Booms and BustsInflationStrategy

Blog09/14/2022

The Fed is slowly increasing interest rates in the hopes that the economy will experience a "soft landing." However, there is no way to soften the blows about to fall on the economy.

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Looking at the Economic Myth of the "Soft Landing"

Booms and BustsThe FedInflationBusiness Cycles

Blog09/12/2022

Paul Krugman recently argued that the Federal Reserve can engineer a "soft landing" for the economy as it tries to deal with inflation. Such a view ignores economic realities.

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