Booms and Busts

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The Woes of Economics

Booms and BustsBusiness CyclesOther Schools of Thought

Letting data drive theory is like groping in the dark hoping to find not only a light switch, but the very idea of a light switch as well. 

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Improving Expectations Won't Improve the Reality of Economic Conditions

Booms and Busts

Blog04/06/2018

Central banks can put in motion a prolonged deviation of expectations from the facts of reality. But they can't keep it up forever. 

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A Sideways Skyscraper Curse?

Booms and BustsTaxes and SpendingBusiness Cycles

Blog01/19/2018
Project Neon is the largest public works project in Nevada history.

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What China Can Learn from America's Great Depression

Booms and BustsBusiness Cycles

Blog12/19/2017
The people of China now can learn of the dangers inherent from trusting the power of government to assure and maintain economic growth and stability.

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In Europe, Exploited Regional Populations Are Growing Restless

Booms and BustsWorld History

Blog12/05/2017
Since 2008, we’ve been living in lean times, and the longer people go on without a true recovery, the more resentful they’re going to be.

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Are Markets Really as Calm as they Seem?

Booms and BustsMoney and Banking

Blog11/21/2017
Given its track record, there is little reason to expect that the Fed won’t mess things up this time.

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Do Seasonal Adjustments Help Identify Business Cycles?

Booms and BustsBusiness Cycles

Blog08/17/2017
Without a coherent theory based on purposeful human action, it is not possible to begin to understand the causes of business cycles.

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How We Should Name Business Cycles

Booms and BustsMoney and BanksBusiness CyclesMoney and Banking

Blog06/16/2017
Economists have long played semantic games with how they name business cycles. This is how they should do it.

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