Home » Posts tagged 'business cycle' (Page 3)
Tag Archives: business cycle
Without Recovery There Is Every Need To Examine The Worst Case
Without Recovery There Is Every Need To Examine The Worst Case There is a great deal that is wrong with mainstream economic commentary, starting with its unwavering devotion to orthodox economics and unshakable faith in their “stimulus.” No matter how little is actually stimulated there is never any doubt that the media will simultaneously forget […]
Mises.org: Keynes’s Critique of Econometrics is Surprisingly Good
MISES.ORG: KEYNES’S CRITIQUE OF ECONOMETRICS IS SURPRISINGLY GOOD In a recent article we had a brief look at Ragnar Frisch’s (1895–1973) vision of econometric model building. As mentioned, Frisch was the first economist chosen over Mises to win the Nobel Prize in 1969. In fact, there was a second one in the same year. Frisch won the […]
Austrians Get (Some) Mainstream Credibility
AUSTRIANS GET (SOME) MAINSTREAM CREDIBILITY Well, well: who would have believed it. First the Bank for International Settlements comes out with a paper that links credit booms to the boom-bust business cycle, then Britain’s Adam Smith Institute publishes a paper by Anthony Evans [Editor’s note: Anthony is a Founding Fellow of The Cobden Centre] that […]
We’re Flirting With Another Recession
We’re Flirting With Another Recession Meaning, it might already be here. Back in May, we were about to go to the printer with the June issue of Boom & Bust when I put on the brakes. My team wasn’t happy to hear it since these things take time to put together. But I didn’t have a choice. […]
“Everyone’s Praying But No One’s Believing” – The ‘Fed Put’ Is Dead
“Everyone’s Praying But No One’s Believing” – The ‘Fed Put’ Is Dead Chalk Outline Yellen’s detailed speech initially triggered an out-sized market reaction. Unfortunately, it was mainly due to shallow market depth and weak-hand positions. The ‘risk-on’ trades that ensued seem driven by positional unwinds from short-term traders. These markets will likely reverse back to lower prices […]
Cyclical Changes in Business Conditions
Cyclical Changes in Business Conditions The Role of Interest Rates In our economic system, times of good business commonly alternate more or less regularly with times of bad business. Decline follows economic upswing, upswing follows decline, and so on. The attention of economic theory has quite understandably been greatly stimulated by this problem of cyclical […]
Why Keynesian voodoo doesn’t work?
Why Keynesian voodoo doesn’t work? Keynesian policy of manipulating economic “aggregates” through countercyclical macro-measures appeared to work when balance sheets was not stretched to the brink. As we wrote in “Goebbelnomics” “If collective exuberance and apathy is the sole cause of the business cycle, then it logically follows that human emotions need to be manipulated […]
How Could the Fed Protect Us from Economic Waves?
How Could the Fed Protect Us from Economic Waves? Making Waves Mainstream economists tell us that the Federal Reserve protects us from economic waves, indeed from the business cycle itself. In their view, people naturally tend to go overboard and cause wild swings in both directions. Thus, we need an economic central planner to alternatively stimulate us […]
As Goes The Credit Market, So Goes The World
As Goes The Credit Market, So Goes The World When confidence cracks, we’ll see it there first During the prior economic cycle of 2003-2007, one question I asked again and again was: Is the US running on a business cycle or a credit cycle? That question was prompted by a series of data I have tracked […]
The Great Immoderation: How The Fed Is Sowing The Next Recession
The Great Immoderation: How The Fed Is Sowing The Next Recession In February 2004 Ben Bernanke famously declared the business cycle had been tamed and took a bow in behalf of enlightened monetary management, claiming it was the principal source of this beneficent development. Exactly 55 months later, of course, he terrorized the Congressional leadership and a clueless President […]
Grant Williams: The Consequences Of Economic Peace | Zero Hedge
Grant Williams: The Consequences Of Economic Peace | Zero Hedge. The following chart-heavy presentation from Grant Williams is among his best as he wends his way methodically from the 19th century to the present day (and into the future) examining “The Consequences of the Economic Peace.” From Keynes to Kondratieff and from Napoleon to Nixon, Williams […]
The IMF and Austrian Theory – Ludwig von Mises Institute Canada
The IMF and Austrian Theory – Ludwig von Mises Institute Canada. Back in the early 1960s, financial journalist Henry Hazlitt warned against efforts to create an international system to help facilitate the smooth transfer of currencies. Representatives from the world’s leading governments were attempting to increase liquidity in global markets. They wanted to make sure the […]
