Financial Markets

Is Australia a dry country? Not at all, writes Benjamin Marks. It has more rainfall than the United States!

Mises was once asked what one institution gives evidence that a society has crossed into socialism from capitalism or vice versa, writes Dale Steinreich.

Just when the supposed threat of disinflation passed, now comes another frightful creation from the fearsome flation family: stagflation. Sean Corrigan explains.

Joseph Salerno writes about a long-term look at this conventional wisdom that shows that 90 percent of deflations since 1820 have not resulted in depression.

Howard Ruff has returned with a new book, Safely Prosperous or Really Rich: Choosing Your Personal Financial Heaven, and another recommendation to buy gold. Hey, it was lucky for him in 1975, maybe it will work for him again to sell three million books.

Bill Buckley and Irving Kristol revealed why they are not drawn to free-market logic: they find it dull. But economics is no more dull than life itself, writes Lew Rockwell.

What the prophets of the new housing paradigm don't discuss, writes Mark Thornton, is that real estate markets have experienced similar cycles in the past.

Frank Quattrone sent a 22-word e-mail to his employees reminding them of an existing policy. Now he is going to jail for it, writes Chris Westley.

Stock markets continue to head lower this morning. Certainly one of the catalysts is the prospects for higher interest rates.

Deflation was the great threat that never materialized, writes Gardner Goldsmith. The dollar still sinks in value.