All Posts Tagged With: "boom and bust cycles"
Not All Job Destruction Is Creative
When government policy generates booms and busts, it creates unsustainable jobs that eventually will be destroyed.
26Aug2010 | Steven Horwitz | 10 comments | ContinuedLegends of the Fall: The Real and Imagined Sources of Our Bubble Economy
Preface The Foundation for Economic Education is pleased to announce that Richard W. Fulmer of Humble, Texas, is the winner of the second annual Eugene S. Thorpe writing competition. Mr. Fulmer holds a bachelor’s degree in mechanical engineering from New Mexico State University and for over 20 years has worked as a systems analyst in [...]
24Mar2010 | Richard W. Fulmer | 13 comments | ContinuedOn the Austrian Theory of the Trade Cycle, Part I
One of the most vivid memories of my undergraduate years is of sitting for hours in my carrel in the old Polk Library at Nicholls State University and reading F.A. Hayek’s Monetary Theory and the Trade Cycle and his Prices and Production. These books on the economic cycles of booms and busts are among the [...]
20Jan2009 | Donald J. Boudreaux | 5 comments | ContinuedThe Fed Didn’t Bail Out Wall Street?
In his New York Times column (“It’s Monetary Policy, Not a Morality Play,” September 9, 2007), Tyler Cowen decried the clichéd pattern of casting all financial stories into “simple moral narratives.” Although many commentators have questioned the Fed’s handling of the credit crunch last August and September, Cowen sees no hanky-panky: Talk of a bailout [...]
1Jan2008 | Robert P. Murphy | 4 comments | ContinuedAmerica’s Great Depression by Murray N. Rothbard
Ludwig von Mises Institute · 2000 · 368 pages · $29.00 Reviewed by Roger W. Garrison It may not be conventional to review the fifth edition of a book that appears several years after its author’s passing. But America’s Great Depression is not a conventional book. It is written with verve and aplomb. And its [...]
1Sep2001 | Roger W. Garrison | 1 comment | ContinuedWhy Are Austrians Unusually Bearish?
“Can capitalism survive? No. I do not think it can. . . .Can socialism work? Of course it can.” —Joseph A. Schumpeter[1] When the financial markets went into a tailspin in late October 1997, my doomsday colleagues appeared gleeful. “The bear [market] has begun,” predicted Gary North. “It isn’t going to end for about 10 [...]
1Jan1998 | Mark Skousen | 1 comment | Continued-
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