Booms and Busts

A recent study by G

Interviewed by host Scott Horton, Mark Thornton discusses the government policies that caused and worsened the Great Depression, cutting welfare-fo

Interviewed by Merlin Rothfeld and John O’Donnell, Mark Thornton discusses the current market situation, takes a look at the gloomy unemploym

Interviewed by host Redmond Weissenberger, Mark Thornton discusses the real estate and job markets.

Each round of money printing eventually feeds back into the price system, creating demand for another round of money printing, and another, with each increase larger than the previous one. The law of diminishing marginal utility applies to money as it does to all goods and services.

Interviewed by host Al Korelin, Mark Thornton discusses how Austrian Economic principles can lead the U. S. on the path back to prosperity.

I have written about the housing bubble in Norway here,

Sweden, once the crown jewel of the welfare state, took the road less traveled, and emerged as a financially sound economy, and an example of the economic growth possible with free markets. The country’s financial strength and its ability to resist a global recession are due to the long-term rolling back of the expansive welfare that Keynesians so often praise.

The prospects for an unwinding of the Fed’s bloated balance sheet without even more damage to the economy and a return to a more reasonable rules-based monetary policy, are significantly diminished under a Yellen-led Fed. It is time, not to restore a rules-based policy, but to denationalize money.

Mises.org readers were alerted to the housing bubble in Norway in January 2