The problem is not really economic but political. And as long as "the leadership of the Party" and "Marxism, Leninism, Mao Ze-dong thought" remain enshrined in the preamble to the Chinese constitution, the solution is likely to remain as elusive as ever.
Working closely with other fellows and resident Mises faculty, sharing concerns and solutions, networking as a Mises summer fellow is a big leg up for the young Austrian in meeting the challenge of launching a successful career in an academic world that is again growing increasingly hostile to the market economy and society.
Bubble activities are not self-funded; they require money "out of thin air," which is employed to divert real savings to them from wealth generators.
Government interventions are at the root of the problem as they disrupt the incentive structure that bankers face, limiting their propensity to abide by this sensible practice. The explicit guarantee by the Central Bank of Iceland altered bankers' risk preferences, and resulted in the risky undertaking being gingerly assumed to be sustainable.
The text of a speech given by University of California at Los Angeles professor of economics Benjamin M.
A strong central bank is the creator of, not the cure for, inflation and the business cycle.
Today is Earth day, and a week ago we “celebrated” tax day.
A drastic turn to responsible economics is the only legitimate way to escape the deep rut Ireland finds itself in.
Ultimately, then, the effects of Earth Hour boil down to dim rhetoric. Maybe as much attention should be placed on humanity's hot air footprint as its carbon one.
A full-blown bailout of the banks responsible for making bad loans will only further an economic system of private profits and socialized losses.
