Business Cycles

Displaying 1 - 10 of 691

Japan's Lasting Stagnation Is Hidden Behind Government Statistics

Global EconomyBusiness Cycles

Creative design of statistics cannot solve the persistent crisis. The core of the problem lies in a misguided economic policy that zombifies the Japanese economy and thus undermines prosperity.

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The Zombie (Company) Apocalypse Is Here

Booms and BustsBusiness Cycles

Blog06/21/2019

The world now has the impossible choice of permanently reduced productivity and slower economic growth — or the mass bankruptcy of a significant percentage of the economy.

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A Modest Proposal for the Fed

Business CyclesMoney and Banking

Blog03/08/2019

So how about it, Mr. Powell? A real economy operates without ultra-low interest rates and activist central bank stimulus.

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Our Easy-Money Economy Is Not Sustainable

Financial MarketsBusiness CyclesMoney and Banking

What causes financial crises, domestic and global, is the underlying, continuing credit expansion.

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Austrians vs. Market Monetarists on the Housing Bubble

Booms and BustsBusiness CyclesOther Schools of Thought

Blog10/05/2018

The Austrian story fits the facts of the housing boom—and bust—much better than the preferred narrative of Market Monetarists.

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Why You Should Read Mark Thornton's The Skyscraper Curse

Booms and BustsBusiness Cycles

Blog09/01/2018

With this book, I am hopeful fewer Americans will be duped the next time there is a crash, and the mainstream experts assure us that more government  intervention will solve the problem.

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The Question of Jackson Hole: Will the Fed Bail Out the World?

The FedGlobal EconomyBusiness Cycles

Blog08/31/2018

Emerging economies should not bet on the Fed to bail them out, but begin to solve their serious imbalances without expecting monetary miracles.

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British Manufacturing Slumps as Bank of England Raises Interest Rates

Booms and BustsBusiness Cycles

Blog08/14/2018

"Higher order" industries like manufacturing and mining are particularly sensitive to changes in interest rates. And it doesn't look like anything's different this time around.

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These Eight Words Helped Cause the Great Depression

Booms and BustsLabor and WagesBusiness Cycles

Blog07/09/2018

Here are the fateful words that set the stage for years of high unemployment: “We believe in the principle of high wages.”

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Economists Won't Predict the Next Crash — Because They Can't

Money and BanksBusiness CyclesMoney and Banking

Blog07/05/2018

Some investors and entrepreneurs are good at guessing future trends. Economics, however, isn't what gives them the tools to do so. 

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