All Posts Tagged With: "business cycle"
Boombustology: A Review
Boombustology is a worthwhile read for anyone who seeks a better understanding of business cycles.
25May2011 | Warren C. Gibson | 5 comments | ContinuedAnd the Slump Goes On
Official economic statistics and the underlying economic reality sometimes differ starkly. Such discrepancies may be almost inevitable when a small group of macroeconomic experts sets the official dates for peaks and troughs of aggregate economic activity. The Business Cycle Dating Committee of the National Bureau of Economic Research (NBER) recently “determined that a trough in [...]
24Feb2011 | Angel Martín Oro | 13 comments | ContinuedNot 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 | ContinuedHow Capitalism Saved America: The Untold History of Our Country, from the Pilgrims to the Present
Professor Thomas DiLorenzo of Loyola College, Maryland, has managed to pack two books into the volume titled How Capitalism Saved America. The first is the work promised in the title, the inspiring story about the creative power of that nexus of voluntary exchanges known as capitalism. The second, more sobering, book inhabiting these same pages [...]
13Jul2010 | Robert Batemarco | 24 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 | ContinuedIs There a Gold Bubble?
With all of the screaming and commotion I just had to look… In the summer of 2008 I was attending FEE’s summer seminar, and on my way back to my hotel room, I heard such an uproar I had to investigate. It was coming from the large ballroom and it was far too early for [...]
25Nov2009 | Paul Cwik | 12 comments | ContinuedIt's About Time!
The Wall Street Journal‘s news staff doesn’t yet realize the economy consists of a temporal structure of production: Americans are saving more of their paychecks than at any time since February 1995, a shift toward thrift that could prolong the recession but strengthen the financial health of U.S. households and the overall economy if it [...]
2Jun2009 | Sheldon Richman | 0 comments | ContinuedThe Recurring Crisis
Recently the governor of the Bank of England announced that the “nice” times had come to an end. (In the Bank’s lexicon, NICE = “Non-Inflationary Constant Expansion”). This news will not come as any shock to the many Americans who have had their homes repossessed recently, but it does appear to have startled many of [...]
1Jul2008 | Stephen Davies | 0 comments | ContinuedThe Great Depression According to Milton Friedman
The author extends special thanks to Lawrence H. White and Ivan Pongracic, Sr., for their helpful comments. Few events in U.S. history can rival the Great Depression for its impact. The period from 1929 to 1941 saw fundamental changes in the landscape of American politics and economics, including such monumental events as America ‘s going [...]
1Sep2007 | Ivan Pongracic Jr. | 77 comments | ContinuedThe Greenspan Fed in Perspective
Some readers of the Wall Street Journal might have been led to believe that Alan Greenspan had somehow followed Milton Friedman’s monetary rule. We now see, though, that there was no well-grounded rule; there was no standard.
1Jun2006 | Roger W. Garrison | 1 comment | ContinuedLudwig von Mises: The Political Economist of Liberty, Part II
Mises’s defense of classical liberalism against the various forms of collectivism was not limited “merely” to the economic benefits of private property.
1Jun2006 | Richard M. Ebeling | 0 comments | Continued“The Tariff is the Mother of Trusts”
Why should we expect business people to favor laissez faire and to abhor government intervention? Few people outside of business do so.
1Jun2006 | Sheldon Richman | 3 comments | ContinuedJohn Maynard Keynes: The Damage Still Done by a Defunct Economist
Seventy years ago, on February 4, 1936, the English economist John Maynard Keynes (1883–1946) published what soon became his most famous work, The General Theory of Employment, Interest, and Money. Few books, in so short a time, have gained such wide influence and generated so destructive an impact on public policy. What Keynes succeeded in [...]
1May2006 | Richard M. Ebeling | 40 comments | ContinuedGovernment, Fiscal Responsibility, and Free Banking
Richard Ebeling is the president of FEE. This paper was delivered at a conference on “One Hundred Years of Dollarization, or a Century without a Central Bank: The Case of Panama,” sponsored by Fundación Libertad in Panama City, Panama, on November 12, 2004. There has been no greater threat to life, liberty, and property throughout [...]
1Feb2005 | Richard M. Ebeling | 0 comments | ContinuedHazlitt on Gold
Henry Hazlitt concentrated much of his thinking and writing on the topic of money, producing two books and dozens of articles and columns on the subject. His writings during the dark years following World War II, published on the editorial page of the New York Times and in Newsweek, offered intelligent readers ammunition against the [...]
1Nov2004 | Jude Blanchette | 1 comment | ContinuedLudwig von Mises: A Voice for Freedom and Principle
October 10 marks 30 years since the death of Austrian economist Ludwig von Mises. (He passed away at age 92.) For more than six decades in the twentieth century Mises was one of the leading voices for individual freedom and the market economy. During a time when socialist and interventionist ideas and policies seemed to [...]
1Oct2003 | Richard M. Ebeling | 0 comments | ContinuedThe Redistribution of Blame
According to John Kenneth Galbraith, the economy will at any given moment contain a certain inventory of undiscovered fraud. This inventory (he called it the “bezzle”) rises and falls with the business cycle. When an economic shakeout brings specific cases before the public eye, politicians cry for “reform!” They are unfortunately less interested in corporate [...]
1Oct2002 | and Harold B. Jones Jr. | 0 comments | Continued-
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