When people today talk about the cost of money, what they are generally referring to is the interest rate charged by lenders for
Continue reading
Money-Pumping Myths, Japan Edition
Due to the unprecedented amount of assets purchased as part of the Bank of Japan’s various “QE” programs over the last two decades,
Continue reading
A Crusoe Economy
When commentators today talk about “Crusoe Economics”, what they are in fact referring to is the seldom-used analytical framework sometimes employed by economists to reduce complex market
Continue reading
A History of Financial Crisis
We live in a world which is today dominated by the unending and increasingly violent cycles of economic booms followed by their subsequent
Continue reading
Forecasting the Boom-Bust Cycle
The Theory At the very core of Austrian Business Cycle Theory (ABCT) lies the central tenant that the artificial manipulation of the interest
Continue reading