Tag: Business Cycle

Mounting Debt Isn’t Just Italy’s Problem »

The United States has serious debt problems that have not been addressed since the financial crisis shook the world a decade ago — they have actually been compounded.

The Austrian School of Economics »

I’ve just published a short book, Advanced Introduction to the Austrian School of Economics, which is designed to give people with some knowledge of economics an explanation of what ideas distinguish the Austrian school from mainstream economic thought. The paperback is relatively affordable ($22.36 if ordered on-line). The book is much slimmer in person…
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Macroeconomic Booms and Busts: Deja Vu Once Again »

Consider the following commentary on the economic situation: Foolhardy procedures which are divorced from economic realities, or whose economic implications are not understood by their promoters, do not perforce become sanctified and wise merely by designating them as “action”; tilting at windmills does not draw water. [W]hen a recovery program, which, while it may…
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Consumption Spending Is 70 Percent of GDP — So What? »

It must be a condition of employment that a journalist who writes about the current recession include in his article the statement, “consumption makes up more than two-thirds of the economy” or “consumption spending accounts for 70 percent of GDP.” This seemingly simple, factual statement, however, is nearly always intended to carry some explanatory…
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Most Investors, Economists, and Policy Makers Are Blind to the Mountain of Malinvestments »

Reading about the first Quarterly Bloomberg Global Poll of investors, which found that almost 75 percent of those surveyed give Ben Bernanke favorable marks for his actions as chairman of the Fed during the current financial and economic crisis, my first reaction was to wonder, What are these people thinking? The news article also…
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Understanding the Depression »

As the economy continues to slide toward a downturn, it is crucial to understand what is going on. Inevitably, we will hear about how the government should pull out all the stops to turn the tide, and this prescription is rooted in certain premise, whether explicit or implicit, about the nature of the problem…
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  • MyGovCost.org
  • FDAReview.org
  • OnPower.org
  • elindependent.org