Booms and Busts

A central-bank induced boom cannot continue forever. The piper must be paid.

The crash of the Argentine peso brings to a close another foredoomed experiment in South American left-wing populism.

Interviewed by host Alan Butler, Mark Thornton talks about the Panic of 1873 and the Long Depression that followed.

Interviewed by host Scott Horton, Mark Thornton discusses the government policies that caused and worsened the Great Depression, cutting welfare-fo

A recent study by G

Interviewed by Merlin Rothfeld and John O’Donnell, Mark Thornton discusses the current market situation, takes a look at the gloomy unemploym

Interviewed by host Redmond Weissenberger, Mark Thornton discusses the real estate and job markets.

Each round of money printing eventually feeds back into the price system, creating demand for another round of money printing, and another, with each increase larger than the previous one. The law of diminishing marginal utility applies to money as it does to all goods and services.

Interviewed by host Al Korelin, Mark Thornton discusses how Austrian Economic principles can lead the U. S. on the path back to prosperity.

I have written about the housing bubble in Norway here,