And Now, It’s Securitization!
The media have made us all aware of how rapacious lenders and (in a few cases) mendacious borrowers foisted the subprime mortgage mess (SMM) on us.
Mises Wire
Depression risk might force U.S. to buy assets
As the credit bubble unravels, will the bad debts be written off, resulting in a debt-deflation spiral?
Die Early, Save Taxpayers Money
The usual argument about smoking and anti-obesity laws is that people who are sick cost the public money.
Simple: Government should completely control supply and demand
The NYT offers a solution to the drug pr
Does Neuroscience Support Austrian Theory?
While the rational-expectations school attempts to explain away market bubbles and the ensuing crashes, t
Standing Keynesian GDP on Its Head: Saving Not Consumption as the Main Source of Spending
According to the prevailing Keynesian dogma, consumption is the main form of spending in the economic sys
A New Golden Age?
The new issue (on sale today) of Worth magazine features an article on “A New Golden Age” by Nathan Lewis which is a nice reca
Why We Should Worry about Deflation
There are some sound theoretical reasons to favor deflation. Since increasing productivity brings prices down deflation is a sign of progress.
