U.S. Economy
Mark Thornton Discusses The Great Depression
On the It’s Your Money Show: Select the Oct 5, 2014 show.
Mark Thornton on the Latest Employment Data
Beginning at 40:00, Mark Thornton discusses football, the stadium bubble, and recent employment
Is the Surge in Capital Goods Orders Due to Malinvestment?
Orders in capital goods have been going up since 2009. Normally, capital goods purchases suggest economic growth, but if the orders are a result of easy money, the purchases point not to wealth creation, but to a bubble.
Debate: Government Spending Can Play an Important Role in Boosting Economic Growth
How Come We’re So Rich?
What the Feds and Bernie Madoff Have in Common
Not unlike governments, ponzi schemer Bernie Madoff used his victims' money to exhibit his "generosity" through charitable giving projects.
The World’s Largest Subprime Debtor: The US Government
When the day of reckoning comes, will anyone criticize the Federal Reserve for making the unsustainable debt-fueled spending spree possible?
Time Preference and Long-Term US Interest Rates
Long-term interest rates are going down, but many Fed observers, relying on expectations theory, wrongly think they should be going up. If we understand Mises and time preference, however, we can see the true trend much more clearly.
