Our Brave, New, Leveraged World

Tags: Business Cycles, Booms and Busts

02/05/2015 Mises Wire Christopher Westley

According to a new report just out by McKinsey, global debt has increased by $57 trillion since the Great Recession, outpacing world GDP growth during this time period.

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Don’t Like Tariffs on Food? Just Make Do with Less, You Glutton.

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In February of 2023, as price inflation soared above six percent, and only a few months earlier hit a forty-year high, a columnist at the Wall Street Journal presented a solution for rising food...

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President Trump is considering paying mothers $5000 per childbirth. The rationale behind this proposal is obvious. Paying mother’s for giving birth incentivizes higher birth rate. A higher birth rate...

USAID: Antidote to Poverty or Forum for Corruption?

04/28/2025 Power & Market D.W. MacKenzie

Democrats claim that USAID provides life saving funding to impoverished people all over the world. Republicans claim that USAID is a corrupt and criminal organization, which has failed to alleviate...

Gold Fortunes Are Changing Hands

04/28/2025 Power & Market Douglas French

The gold price kissed $3,500 last week before backing off. The yellow metal’s price has churned violently up and down $50 to $100 daily. For some gold bugs this price level seemed unimaginable without...

Does Correlation Mean Causation?

04/28/2025 Mises Wire Frank Shostak

Most economists use correlations among the various pieces of unique historical data to empirically estimate the future direction of an economy. For instance, it was observed that the lagged changes in...

Meet the Writer

Christopher Westley

Christopher Westley a professor of economics in the Lutgert College Business at Florida Gulf Coast University and an...

Augusto, Milton, and Me: Reflections on a Trip to Chile

10/09/2018 Mises Wire Christopher Westley

On a recent jaunt to the end of the world, I found myself in one of those situations awkward for an Austrian economist, which is that of defending the Chicago school and Milton Friedman. As a result...

The Fed’s Plan for “Countercyclical Capital Buffers” Is Just More of the Same

09/14/2018 Mises Wire Christopher Westley

If you follow financial news related to Fed policy, you would have noticed a recent push for the use of “a new monetary tool,” called countercyclical capital buffers. Some prominent Fed officials and...

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