Booms and Busts

Part of the Authors Forum, presented at the Austrian Economics Research Conference.

This week’s quote(s) highlights why an explanation of a general boom-bust pattern of economic must be a monetary theory of the trade cycle.

Robert Higgs advises us

Here is the link to a Bloomberg story that contains a link to th

Euros secretly airlifted to keep Greek banks afloat

The signs of an incipient asset bubble, induced by the Fed become more evident every day.

Paul Krugman in 2002: "Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble."

The official reaction to the present crisis has been a virtual match to Rothbard's recessionary “don’t do” list.

As if any more evidence were needed (se

It was not the banks as such that caused the crisis but rather the boom-bust policies of the central banks of Ireland and Iceland.