Booms and Busts

Remember Peak Oil? Yeah, that's long over. 

Are Rising Subprime Mortgages a Small Sign of Big Things to Come?

Mises Daily Monday: James Grant Explains "The Forgotten Depression".

In his new book The Forgotten Depression, James Grant, investor and founder of Grant's Interest Rate Observer, explores the Depression of 1921, a "forgotten" economic bust when the government failed to intervene, thus allowing the economy to cure itself.

The Economic Crash that Cured Itself: A Conversation with James Grant about the Depression of 1921.

Despite little liberalization, global trade grew rapidly over the last decades only to collapse in 2009. Was this growth healthy, though?

The Central Bank of Canada Warns of Housing Bubble

Fed management of the economy and the business cycle has only gotten much worse as it has grown more powerful and destructive. As the Federal Reserve has become more powerful, job losses have generally more severe and the duration of the recovery process has gotten progressively longer.

The most recent job report appears, on the surface, encouraging news for the U. S. economy.

Richard Ebeling writes: "On Thursday, November 13th, I was interviewed on the "Boom-Bust" segment on RT television on Ludwig von Mises and the Austrian Theory of the Business Cycle."