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Booms and BustsCoordinationBusiness Cycles
While supporters of the Biden administration fault Putin for shortages, Austrian economists know the answer lies in Washington's monetary and economic mismanagement.
The combination of covid lockdowns, money pumping, and attempts to force a new green economy are taking their toll. This is not going away any time soon.
Booms and BustsThe FedBusiness Cycles
After the 2008 housing bust, the government supposedly set up a fail-safe mortgage program aimed at preventing future bubbles. It failed.
While the standard secular narrative is that Christianity held back science and human development, history tells a different story, one of literacy and the development of human capital.
War and Foreign Policy
The Europeans are welcome to keep NATO going if they like. But the time has come for the United States to exit.
Persistently loose monetary policies always have negative growth and distributional effects that impair political stability. In extreme cases, there are civil wars and armed conflicts between countries.
Economic PolicyInflationUnemploymentWar and Foreign Policy
Everything from huge Keynesian "stimulus" policies to the war in Ukraine is dovetailing in a bout of stagflation: the simultaneous growth of inflation and unemployment.
The latest Keynesian money-printing and spending schemes are blowing up. It is time to hear what the Austrians have to say.