Booms and Busts

More than a decade ago, some South American countries were moving to the left in an effort to create a new paradigm. Things have not gone well for them.

With central banks falling into step in a seemingly inexorable race toward negative interest rates, this could point to bigger problems on the horizon.

It is a time of fiscal hedonism, engineered and encouraged by governments and their central banks, and sold to us as banal public policy and tinkering.

The key to economic growth is not optimism or good "animal spirits." They key is increased productivity and wealth accumulation.

In today's slow growth economy, business decision makers are understandably cautious because historically monetary tightening has been a fatal blow.

The media is telling us how excellent the latest jobs numbers are. Unfortunately, it's more of the same for what is the weakest recovery in decades.

Robert Murphy's Choice: Cooperation, Enterprise, and Human Action can serve as a companion to reading Mises's rather imposing Human Action.

Recorded at Mises University 2016.

The UK's exit from the EU cannot and will not, in itself, trigger malinvestments and their subsequent inevitable liquidation through a bust.

The boom has not accelerated to the point we should expect an imminent recession — except in China.