Financial Markets

A stock price is not an objective rendering of value, but merely an opinion about the present and future worth of a company--and opinions can be wrong. 

The Prime Minister's statist, inflationist program isn't saving the country; it is preparing the way for yet another crash. 

It's traduced in normal times and blamed for every economic crisis, but speculation has an important role to play in the market economy. (Article by Christopher Mayer)  

Robert Mundell's economics, both praised and criticized from an Austrian perspective. (Comments from scholars)

How a credit-driven expansion has fed the stock-market boom. (Analysis by Sean Corrigan)

So long as the Fed has the power to print, the boom-bust cycle is here to stay. (Paper by Frank Shostak)

Regulators claim to guarantee equality of  information, but no market can live up to that standard.

Government errors caused the problems and they still do. (Commentary by James R. Barth)
 

The Fed has pumped up the stock market, setting in motion certain inevitable consequences. (George Reisman provides an Austrian perspective)
 

Government policies discourage saving, but in a free market there is no optimal trade-off with consumption. (An excerpt from an interview with Richard K. Vedder.)