Skyscrapers and Business Cycles
The skyscraper index, created by economist Andrew Lawrence shows a correlation between the construction of the world’s tallest building and the business cycle.
The skyscraper index, created by economist Andrew Lawrence shows a correlation between the construction of the world’s tallest building and the business cycle.
Recorded at the Mises Institute in Auburn, Alabama, on 23 July 2014.
Many Austrians saw the bust coming, and thanks to Austrian economics, we also better understand the details of how booms and busts work, writes Hal
Even the New York Times believes that there may be a bubble a-brewin’.
There’s the Skyscraper Index, and then there’s the Luxury Cupcakes and Breakfast Cereal Index
Many Austrians saw the bust coming, and thanks to Austrian economics, we also better understand the details of how booms and busts work.
Politicians won’t admit that quantitative easing and fiscal stimulus have unquestionably failed to produce a rapid recovery over the past five years.
Every government-based stimulus that has ever been tried has failed. This one is no different except that the failure might end up even more catastrophic.