Why We Need a Recession
More credit expansion to keep the current easy-money induced boom going is only delaying the inevitable.
Booms and Busts
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In a Post-Boom World, Auto Prices Will Fall
Thanks to easy credit, automobiles have become very complex and luxurious, and brimming with safety features. The cost of producing these cars, however, won't keep prices from falling once the bubble bursts.
It Didn’t Have to Be This Way
Why is the boom-and-bust cycle so persistent? Why did economists fail to predict the recent economic meltdown--or to pull us out of the crisis more quickly? And how can we prevent future calamities? Mainstream economics has no adequate answers...
Is the Auto Loan Bubble Ready to Pop?
The housing bubble has been replaced by a number of new bubbles. Among them is the auto loan bubble. Car loans now last longer than ever and are going to more people with bad credit. This might not end well.
The Real Crash: America’s Coming Bankruptcy—How to Save Yourself and Your Country
In The Real Crash, New York Times bestselling author Peter D. Schiff argues that America is enjoying a government-inflated bubble, one that reality will explode . . . with disastrous consequences for the economy and for each of us. Schiff...
Selected Writings of LVM, vol 2: Between the Two World Wars
The life and work of Ludwig von Mises is marked by the appearances of large treatises, on topics from money to methodology. But along the way, he also wrote many shorter articles and essays. The essays collected in this volume are from the...
The Week in Review: January 9, 2016
Populism was in the air this week as ranchers in the Western US opposed the spread of federally-owned lands, and reformers in Switzerland look to a referendum on fractional reserve banking.
Whatever Happened to Penny Candy?
It’s true that economic theory is a subject for adults — you don’t want to assign Human Action to an 11-year old — but kids can be taught plenty too. They don’t need details about epistemology or exchange rates. But by enticing them into the...
