Are Technology Shocks Responsible for Business Cycles? In a Word, No.
The theory of real business cycles won a Nobel Prize, but it ultimately confuses cause with effect.
Booms and Busts
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Interest Rates Are Rising, but the Fed Continues to Be Reckless
The Federal Reserve is raising interest rates in hopes of reversing some of the inflationary damage it has done for more than a decade. Unfortunately, the Fed already has done incalculable damage to the economy.
Inflation Then vs. Now: Follow the Money
Bob Murphy and Ross McKitrick discuss the government policies, Fed actions, and banking movements that lead up to the 2008 crisis, and why the current economic situation is different.
Austrian Economists Are Not Surprised by the Shortages
While supporters of the Biden administration fault Putin for shortages, Austrian economists know the answer lies in Washington's monetary and economic mismanagement.
The Fed’s Latest Housing Bubble
After the 2008 housing bust, the government supposedly set up a fail-safe mortgage program aimed at preventing future bubbles. It failed.
The Chinese Slowdown: Much More Than Covid
It is easy to blame the covid-19 lockdowns for the weakening Chinese economy, but that would be a gross simplification.
Forget What the “Experts” Claim about Deflation: It Strengthens the Economy
Typical economic commentary claims that deflation is a Very Bad Thing. Think again.
How Did CNN+ Get Canned by Netflix? Austrian Economists Might Have an Answer
The Fed's reckless behavior has undermined Netflix more than the losses at CNN+.
How Did CNN+ Get Canned by Netflix? Austrian Economists Might Have an Answer
The Fed's reckless behavior has undermined Netflix more than the losses at CNN+.
Economic Theory Begins with Human Action, Not Data Sets
Austrian economics begins with logical deductions made from what we know about human action, not data sets that are subject to change.
