The Unending Artificial Boom
Austrian economics invariably predicts gloom and doom as a result of policy intervention, which by definition create “artificial” booms and bubbles. Events on the ground have forced even some of […]
Austrian economics invariably predicts gloom and doom as a result of policy intervention, which by definition create “artificial” booms and bubbles. Events on the ground have forced even some of […]
Austrian economics favors ‘hard money’ policies that are curiously popular in the financial sector. It’s curious because hard money policies don’t seem to serve the financial sector, acting as a […]
It’s argued that Japan didn’t get a return of all its deficit spending in the decades after its epic financial bubbles burst. This could not be further from the truth. […]
Stockmarkets tumbled almost everywhere in the first couple of weeks of the year, and some predict they will crash. This is blamed on Keynesian economics, in the name of which […]
Until now, the US economy recovered fairly briskly from the financial crisis, with solid private sector growth. The US recovery is much better than in most other areas of the […]
There is still a substantial minority of people who argue that the US never really left the 2008 recession. They do not believe official data and argue that unemployment is […]
The best general explanation for the weak world economy is an excess of savings over investment; weak business investment is a crucial part of this. Austrian economics has difficulties explaining […]
There is an alarming rise of public and private debt ratios in much of the world; this simply cannot continue like this. The situation is greatly complicated by low growth […]