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Global EconomyAustrian Economics OverviewBusiness Cycles
Mainstream economics is fraying at both ends. It is vague, and lacks precision. Austrian economics, meanwhile, is rooted in concrete human action.
U.S. EconomyBusiness CyclesInterventionism
Delving further into the jobs report, we see that many of the jobs that were supposedly created were jobs in government.
Booms and BustsU.S. EconomyBusiness Cycles
The media is telling us how excellent the latest jobs numbers are. Unfortunately, it's more of the same for what is the weakest recovery in decades.
Business CyclesInterventionismMoney and Banking
The major threat to any economy is not deflation, but the policies used to count it.
Booms and BustsAustrian Economics OverviewBusiness CyclesMoney and Banking
Robert Murphy's Choice: Cooperation, Enterprise, and Human Action can serve as a companion to reading Mises's rather imposing Human Action.
Business CyclesMonetary Theory
No one prints dollars on the purely free market because there are, in fact, no dollars; there are only commodities, such as wheat, cars, and gold.
Our monetary system encourages debt and punishes saving. It also benefits those who already have money at the expense of those who do not.
Booms and BustsBusiness CyclesMoney and Banking
The UK's exit from the EU cannot and will not, in itself, trigger malinvestments and their subsequent inevitable liquidation through a bust.
Business CyclesCalculation and KnowledgeMoney and BankingPrivate Property
Our monetary system favors those who are already-wealthy at the expense of those who are only beginning the wealth-building process.
U.S. HistoryBusiness Cycles
James Grant has shown us how the only sure cure for depression is deflation and liquidation of overblown resource and asset prices.