Booms and Busts

By borrowing money and “creating” new jobs, the government is creating the illusion of a strong economy. This does not end well.

Economist Peter St. Onge summarizes some of the major financial and government news stories of the day.

On this episode of Radio Rothbard, Ryan and Tho are joined by Mises Institute Fellow Jonathan Newman to discuss economic fake news, featuring a cameo by Taylor Swift and Selena Gomez.

When an economy suffers a recession, some factors of production, such as labor, become unemployed. Keynesians believe that expanding credit and fiat money will bring back full employment. That's not how an economy works.

While economics textbooks are weak on causes of the Great Depression, American history texts are even worse. It's time for some truth telling.

By borrowing money and “creating” new jobs, the government is creating the illusion of a strong economy. This does not end well.

While the creator of modern portfolio theory was awarded a Nobel Prize, that doesn't mean the theory isn’t flawed. In fact, it explains very little about investments.

For a long time, banks have sought to keep construction loans “on the books” to collect more interest payments. With a recession looming, these long loans are likely to become delinquent.

When an economy suffers a recession, some factors of production, such as labor, become unemployed. Keynesians believe that expanding credit and fiat money will bring back full employment. That's not how an economy works.

While economics textbooks are weak on causes of the Great Depression, American history texts are even worse. It's time for some truth telling.