Booms and Busts

The shale oil industry may simply be the next (Austrian) textbook example of malinvestment. 

Our #1 show of the year is Patrick Barron in a two-part interview on the end of US dollar supremacy.

Interviewed by host Albert Lu, Mark Thornton talks about the collapse in oil prices.

One thing the Chinese regime has not managed to do is erase the Chinese fondness for saving money. But in America, where over one-third of the population is on public assistance, it spends as much as possible.

Research is not just the way we add to the body of knowledge left by previous generations, but is also an effective means of engaging and challenging the ideas of mainstream economics.

Remember Peak Oil? Yeah, that's long over. 

Are Rising Subprime Mortgages a Small Sign of Big Things to Come?

In his new book The Forgotten Depression, James Grant, investor and founder of Grant's Interest Rate Observer, explores the Depression of 1921, a "forgotten" economic bust when the government failed to intervene, thus allowing the economy to cure itself.

Mises Daily Monday: James Grant Explains "The Forgotten Depression".

Despite little liberalization, global trade grew rapidly over the last decades only to collapse in 2009. Was this growth healthy, though?