Booms and Busts
14. The “New Economists” and the Depression of the 1970s
From Section 2: "And How Austrian Economists Predicted Every Major Economic Crisis of the Last 100 Years".
Big Plans for the Jeddah Tower Continue as Asset Prices Boom
The Jeddah Tower in Saudi Arabia remains listed for “completion” in 2020. Will its completion trigger a new Skyscraper Curse?
All Is Not Well In Financial Markets
As investments — previously thought to be profitable — turn out to be flops, firms will start liquidating unfinished projects and layoffs will begin.
Spending Our Way to a Fiscal Crisis
The Social Security and Medicare trust funds will both soon be bankrupt, putting additional strains on the federal budget and American taxpayers.
These Eight Words Helped Cause the Great Depression
Here are the fateful words that set the stage for years of high unemployment: “We believe in the principle of high wages.”
In Hiking Interest Rates, Jerome Powell is Living Dangerously
The Fed is already living dangerously with its recent hike, and further rises will all but guarantee a credit crisis.