Creative Destruction in American Higher Education: Schumpeter in Action
We are seeing Joseph Schumpeter's concept of creative destruction at work in higher education. The shake-up will continue.
Booms and Busts
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Lending without Saving Brings Recession and Poverty
Contrary to mainstream economists, credit expansion that is not backed by real savings leads ultimately to an economic downturn.
Doctor Copper Is Sending Signals Our Way
The price of copper has hit an all-time high. This represents a signal about the world economy.
Riding the Economic Rollercoaster: The Austrian Business Cycle Theory
As the US economy falters and people continue to fall behind, the Austrian business cycle theory provides the best explanation for what is happening, even if the elites don't want to hear it.
There Are Good Reasons Why Consumer Confidence Is Low
Most people have heard about statistics or polls that report on the state of the American consumer and something called “consumer confidence,” but
Lending without Saving Brings Recession and Poverty
Contrary to mainstream economists, credit expansion that is not backed by real savings leads ultimately to an economic downturn.
Man, Economy, and Financial Markets
Do Austrian theories also apply to financial markets?
The Fed Is Already Political
Donald Trump’s leaked plan for the Fed has sparked a panic. But the real risk, from the establishment’s perspective, is not that Trump will turn the Fed into a political organization but that he will expose the fact that it already is one.
Woods Exposes the Federal Reserve System
Tom Woods has put his considerable skills to work exposing the dangers caused by the Federal Reserve System. George Ford Smith reviews his latest book that gives intellectual ammunition to his case.
