Business Cycles
Recent Media and Interviews with Mark Thornton
The Power and Market Report: "Has the Oil Bubble Popped?" and more.
Canadian Housing Bubble: Small Signs?
Are Rising Subprime Mortgages a Small Sign of Big Things to Come?
Should Economics Emulate Natural Sciences?
The laws of physics can never be absolutely established. For some other law may prove more elegant or capable of explaining a wider range of facts. Hypotheses must be constantly tested. Economics is not like this.
Has the Trade ‘Bubble’ Burst?
Despite little liberalization, global trade grew rapidly over the last decades only to collapse in 2009. Was this growth healthy, though?
The Economic Crash that Cured Itself: A Conversation with James Grant
The Economic Crash that Cured Itself: A Conversation with James Grant about the Depression of 1921.
Federal Reserve Policy Gets Worse Over Time
Fed management of the economy and the business cycle has only gotten much worse as it has grown more powerful and destructive. As the Federal Reserve has become more powerful, job losses have generally more severe and the duration of the recovery process has gotten progressively longer.
Is Regime Uncertainty Abating?
The most recent job report appears, on the surface, encouraging news for the U. S. economy.