Booms and Busts

Displaying 11 - 20 of 1161

How Long Can the Fed Keep the Boom Going?

Booms and BustsMoney and BanksMoney and Banking

Given current bond and stock market valuations, investors seem to be fairly confident that the Fed will succeed in keeping the boom going.

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

Booms and BustsBusiness Cycles

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

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

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

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

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

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

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


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

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