How the Business Cycle Happens
Study of business cycles must be based upon a satisfactory cycle theory. Gazing at sheaves of statistics without "pre-judgment" is futile.
U.S. Economy
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Taking Back the Meaning of “Inflation”
By corrupting the meaning of inflation, mainstream economists have given a false picture of what happens when monetary authorities expand the money supply. Mises and Rothbard understood.
Eurodollars as a Fractional Reserve Market
We should not just be concerned about problems in the American banking system, but also about the proliferation of Eurodollars.
The Taxpayers Bailed Out Yellow Trucking. It Went Bankrupt Anyway.
The Trump administration doled out $700 million in CARES “loans” to trucking firm Yellow. Now Yellow has gone bankrupt, and the taxpayers may foot the bill.
The Debt Ceiling Debate Was Pure Theater
When it comes to the debt ceiling, political parties are irrelevant, and the recent debt ceiling drama, was little more than a sham.
Bidenomics Is Yet Another Version of Failed Industrial Policy
President Biden announced recently to much fanfare that his administration will transform the US economy through central planning. This does not end well.
Easy Money Is a Much Bigger Economic Problem than Debt
While many economists claim that high overall debt levels can lead to economic recessions, irresponsible government spending and money expansion are the real culprits.
Big Governments’ One-Two Punch: Scope Creep, Then Wartime Deprivation
Governments do two things: they grow and they deprive citizens of their wealth. That process has not changed for more than a century in the USA.
What Is the Right Inflation Target for Central Banks?
The "2 percent" inflation target is purely arbitrary, and mainstream economists can't agree on the "right" level. It's all folly, and Austrian economics explains why.
