Lessons from History: The Business Cycle
A boom of credit expansion employed to increase output only further hinders the economy’s ability to recover. Cheap credit is not a tool to…
How the BOJ Created “Noninflationary” Money While Ruining the Japanese Economy
Milton Friedman (1963) argued that “inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only…
How Bad Were Recessions before the Fed? Not as Bad as They Are Now
With a recession looming over the average American, the group to blame is pretty obvious, this group being the central bankers at the Federal…
Even When There Is Inflation, the Fed STILL Fights Falling Prices
Under any remotely sound money regime the aftermath of war and/or pandemic is highly likely to feature a sharp decline in the prices of…
Bastiat Predicted the Baby Formula Crisis 170 Years before It Happened
The current baby formula shortage in the United States is a pressing crisis, and many in the media have been rushing to explain how such a…
House Price Fallacies
Some interesting data on housing prices in the United Kingdom(1) was recently published by Savills, one of the world’s leading property agents. The important…
James Turk: Natural Money
“The Earth speaks to us through the elements of nature. In every natural thing, we can find a hidden, powerful message.” Ralph Waldo Emerson…
Price Indexes Aren’t Accurate Measures of Inflation
“Inflation” is back in the headlines, and a lot of nonsense is being said about it. Without much thought whether it makes sense or…
What Popper Learned from Hayek
Hayek brings Popper closer to the Austrians in asserting the limits of science and quantitative methods in investigating the objects of the social sciences.João…
Zero Hedge: The “True” Inflation Rate Is 13.2% – Censorship-Resistant Price-Tracker Built On Blockchain
With the official inflation (CPI) rate at +7.9% year-over-year – a 40-year-high – one could be forgiven for believing that the government’s statistics are…