A closer look at differences between Mises's and Schumpeter's economic theories suggests that their fundamental divergences have their origin in methodological and epistemological questions.
One of the characteristic features of this age is the general attack launched by all governments and pressure groups against the rights of creditors.
Bob Murphy and Nicolas Cachanosky discuss Austrian Business Cycle Theory, the dispute over Fractional Reserve Banking, and how the Federal Reserve broke monetary policy.
The destruction of capital, economic and otherwise, is contrary to every human impulse.
The fundamental error of the interventionists is that they ignore the shortage of capital goods.
The length, scale, and scope of such downturns are greatly expanded under a system of fiat credit expansion.
To understand what an inverted yield curve means, you must first understand what the yield curve is.
Bob Murphy discusses the Mises-Hayek theory of the boom-bust cycle, and explains the predictive power of an "inverted yield curve".
Bob shows why Ludwig von Mises thought any issuance of fiduciary media caused the boom-bust cycle.
The negative consequences of expansionary monetary policies take a while to show up, but Deutsche Bank's collapse may be the first sign of failure.
