Business Cycles

Say's law not only points to the fallacy of the accelerator but to its corollary, "derived demand."

They keep trying and trying with ever-worse results. There is no middle way to solve the housing crisis. The real help for underwater homeowners will only arrive when Fannie, Freddie, and the rest are allowed to fail.

From Man, Economy, and State, narrated by Jeff Riggenbach.

The erratic volatility of gold and other commodities is the direct result of further intervention into the market through central banking.

The economy remains moribund, but not because consumption spending has failed to recover.

Bernanke figures he's done the stimulating; consumers need to put on a happy face and start spending.

This is your opportunity to meet Robert Higgs, hear a live lecture, and ask your own question of this remarkable thinker.

Strangely, Canada finds itself at the most pro-market limit of the political spectrum.

Austrians argue that government spending and monetary expansion are counterproductive and handicap economic calculation.

The "fundamentals" of the economy have been and remain awful, because the government and Federal Reserve are consistently doing the wrong things. The apparent recovery, fueled by Bernanke's sheer money creation, has been bogus all along.