The temporary surge in hurricane-related economic activity can in some ways help us understand the effects of the equally-temporary surge in activity related to an economic boom.
Financial MarketsU.S. EconomyU.S. History
It's frightening to see the persistent lack of insight shown by policymakers and financial media on the 2008 financial crisis.
Booms and BustsThe Entrepreneur
The economy is not an engine, or a tool, and does not perform any “work.” The economy is you and me.
Is it possible that the bubble-bursting in the corporate debt markets could precede — rather than coincide with — a bear market in equities? Yes, if history is any guide.
Global EconomyWorld History
“Between 1950 and 2000, the Swedish population grew from seven to almost nine million. But astonishingly the net job creation in the private sector was close to zero.”
A just society is not some game of chess where we can move around each person like they exist to carry out the goals of "the people."
Labor and Wages
The salaries of pro athletes has little to do with athleticism and everything to do with the entertainment the public receives from them.
BiographiesMoney and BanksHistory of the Austrian School of EconomicsProduction Theory