Booms and Busts

The markets are betting on a new Trump-driven economic miracle to soften the blow of the next recession. It may be a vain hope.

Donald Trump's spending plans will not invigorate the economy. However, There are some things Trump could do to truly encourage wealth creation.

Mises made a distinction between credit that is backed by savings, and credit that is not. The second type plays a key role in the boom-bust cycle.

There are really two types of asset-price-inflation periods. One is the "boom" type, but the other is the current "depression" type.

Joseph Salerno spoke on "Why Falling Prices Are Good for Business" at Ramapo College in New Jersey on October 4.

Putting the finishing touches on the world's largest building in China

It turns out that the Japanese people do not have the Apoplithorismosphobia that their government officials have.

Watch or listen to Mark Thornton's talk at the Mises Circle in Boston.

With such low interest rates, shouldn't we be experiencing a boom? The problem is, a solid economy requires much more than just low interest rates.

Because the only thing government is worse at than pricing risk, is learning from past mistakes.