All Posts Tagged With: "economic crisis"
The House That Uncle Sam Built
The Great Recession (or the Great Hangover) that began in 2008 did not have to happen. Its causes and consequences are not mysterious. Indeed, this particular and very painful episode affirms what the best nonpartisan economists have tried to tell our politicians and policy-makers for decades, namely, that the more they try to inflate and [...]
8Oct2010 | and Peter J. Boettke | 1 comment | ContinuedBoom and Bust: Crisis and Response
America has experienced a classic economic boom and bust, which I first chronicled in the November 2007 Freeman. Ill-conceived policies to encourage homeownership channeled cheap credit into housing markets. Land-use and zoning policies restricted the supply of housing in key desirable markets. In The Housing Boom and Bust, Thomas Sowell of the Hoover Institution has [...]
24Feb2010 | Gerald P. O'Driscoll, Jr. | 2 comments | ContinuedExit Strategies
As noted in the movie War Games, sometimes the only way to win a game is not to play. And sometimes the best exit strategy is not to enter in the first place.
3Dec2009 | Steven Horwitz | 2 comments | ContinuedHigh Savings Rates and Asia’s Economic Crises
A high rate of saving among Asians was once credited for its important contribution to the remarkable performance of their “miracle” economies. But Japan’s recession and China’s deflationary cycle indicate that a high rate of saving does not guarantee high growth. This is because high savings reduces overall spending by households and companies. It may [...]
1Dec2000 | Christopher Lingle | 0 comments | ContinuedGold Policy in the 1930s
Richard Timberlake is a professor of economics retired from the University of Georgia and author of Monetary Policy in the United States: An Intellectual and Institutional History (University of Chicago Press, 1993). This is the second in a series. Between 1929 and 1933, the Federal Reserve System, which is the central bank of the United [...]
1May1999 | Richard H. Timberlake | 1 comment | Continued-
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