Tag Archives | boom

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Myth-Busters: The Fed’s Role In The Oil Boom & Bust

The Federal Reserve has subjected us to a constant economic roller-coaster ride. By artificially suppressing interest rates, they create illusory economic booms. Those illusions must always be shattered by an accompanying crisis and bust. Lives are destroyed, families are ruined, and the economy lies in shambles. The widespread suffering is totally unnecessary. Marshall oil spill

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Dr. Mark Thornton: Central Bankers Don’t Understand Booms and Busts

Falling stock prices are in the news lately, so Mark and Jeff talk about how and why central bankers don’t understand deflation, whether they are really Keynesians or some variant thereof, what a “crack-up boom” might look like, and what the Skyscraper Index and other symptoms of irrational spending might tell us about the future […]

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How the Business Cycle Happens Part 1 

by Murray Rothbard This excerpt from the first chapters of Murray Rothbard’s America’s Great Depression (1963)]Reprinted from Mises.org Study of business cycles must be based upon a satisfactory cycle theory. Gazing at sheaves of statistics without “pre-judgment” is futile. A cycle takes place in the economic world, and therefore a usable cycle theory must be […]

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