Booms and Busts

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Wine, Art, and Ferraris: The Bubble in Luxury Goods

Booms and BustsBusiness Cycles

Blog05/24/2017
Our inflationary economy is sending the prices of luxury goods soaring — while prices on products for regular people are often flat.

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What Nassim Taleb Can Teach Us

Booms and BustsFinancial MarketsPhilosophy and MethodologyPolitical Theory

Blog05/02/2017
Austro-libertarians will find much to admire in his brilliant takedowns of the “pseudo-experts” in academia, journalism, politics, and science.

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Auto Loans: The Next Debt Bubble?

Booms and BustsU.S. Economy

Blog04/18/2017
The auto-loan market has recently ballooned, but the delinquency data raises questions about how much longer these spending habits can last.

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For Keynesians and Austrians, "Uncertainty" Means Two Different Things

Booms and BustsCapital and Interest Theory

After the 2008 crisis, many Keynesians found a new appreciation for uncertainty in economics. Unfortunately, they misunderstand how uncertainty works.

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Why Understanding "Roundaboutness" Is so Important

Booms and BustsBusiness Cycles

Blog03/09/2017
Making production processes more roundabout results in greater production in terms of the quantity produced and a lower cost on a per-unit basis.

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The Great Gatsby and the Fed

Booms and BustsMedia and CultureBusiness CyclesPolitical Theory

Blog02/17/2017
The “constant flicker” of American life described by Fitzgerald in his novel is no less than the artificial boom driven by the Fed during the 1920s.

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Updating Robert Higgs's "Gross Domestic Private Product"

Booms and BustsTaxes and SpendingBusiness Cycles

Blog02/17/2017
Although once controversial, government purchases are now included in GDP measurements. But, it may be still useful to remove these purchases from GDP.

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Can Technology Prevent a Recession?

Booms and BustsMoney and BanksBusiness CyclesMoney and Banking

Blog01/23/2017
Technology doesn't tell us much about whether we're prone to a recession. The much larger issue is inflation-induced misallocation of resources.

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Why Government Solutions Usually End in Inflation

Big GovernmentBooms and BustsMonetary Theory

Blog01/03/2017

All governments are firmly committed to the policy of low interest rates, credit expansion, and inflation.

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End Game for the Global Economy

Booms and BustsMoney and BanksBusiness CyclesMoney and Banking

Blog12/07/2016

Central banks never recovered and "normalized" their balance sheets after the 2008 crisis. That means the current system is very fragile.

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