There Was No Contagion
At one point, contagion was the buzzword to describe the financial crisis. However, there was no contagion.
At one point, contagion was the buzzword to describe the financial crisis. However, there was no contagion.
Once interest rates begin to rise — and rise they must, whether as a result of Fed policy or not — the end of the asset price inflation will be at hand. The result will be another financial crisis and accompanying recession.
Data alone doesn't tell you the whole story, which is a core proposition of the Austrian approach. Instead, you need to start with good theory that tells you which data you need and where to look next.
This lecture by Philipp Bagus was presented at the 2012 Mises University in Auburn, Alabama. Includes an introduction by Mark Thornton.
Not unlike governments, ponzi schemer Bernie Madoff used his victims’ money to exhibit his “generosity” through charitable giving
Mark Thornton discusses the seven mega-trends facing our economy and what it means looking forward.
Jeff Deist and Patrick Barron discuss what’s going on in the EU, how Germany in particular suffers from being yoked to the other Eurozone nat