Business Cycles

Don’t Bet on China: Redux

by Stephan Kinsella November 4, 2010

A Chinese libertarian, Nicolas Dong, who recently did a Mandarin translation of one of my IP articles, recently told me this in an email regarding my earlier post, Don’t Bet on China: I agree most part of your point of view about China. I believe that after the bust of the current housing bubble and [...]

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UK Proposal for Banking Reform: Fractional-Reserve Banking versus Deposits and Loans

by Stephan Kinsella September 14, 2010

Austrians and others interested in fractional-reserve banking (FRB) will find of interest a banking reform about to be proposed in the UK. Douglas Carswell, an Austrian economsics-informed member of the UK parliament for Clacton, is planning to introduce a so-called “Ten Minute Rule Bill” after Prime Minister’s Questions tomorrow (Wednesday, Sept. 15) that could have [...]

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The graphic display of U.S. financial health

by Juan Fernando Carpio May 14, 2010

With the U.S. displaying characteristically Third World national stats, and average households deep in financial trouble (see below),

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Don’t Bet on China

by Stephan Kinsella May 12, 2010

China is widely viewed as a “threat” to the US because of its perceived rapid and unstoppable economic growth. This is, in my view, doubly confused. First: if the premise were true, this would be good, not bad. Second: I don’t think China is in such great shape. Unfortunately. Some free market economists think otherwise. [...]

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America’s ‘Lost Decade’ continues

by Ryan McMaken April 14, 2010

I was looking at the new earnings data released by the BLS this morning, which shows real average income for all workers declining 0.6 percent year over year. Realistically speaking, this means that earnings are flat for people with jobs. People without jobs, who aren’t included in the survey, are likely much worse off in [...]

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Krugman, Keynes, and the Uncited Austrians

by Wirkman Virkkala April 8, 2010

Apparently, Paul Krugman has never read the work of Ludwig von Mises and F.A. Hayek. Chortling on The New York Times blog, he yammers away in this manner: Many of the comments to my Austrian economics post are of the form “Well, of course employment rises when investment is expanding, and falls when the investment [...]

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