Tag Archives: Austrian business cycle theory

Quote of the Day

The Fed is the elephant in the living room that everyone pretends not to notice. Even many of those who blame government for the current mess leave the Fed out of the picture altogether. The free market, meanwhile, takes the … Continue reading

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How government housing schemes (and the Bank) push up house prices

As house prices remain high, and the average age to buy your first house gets higher, government schemes to help individuals and families get on the housing ladder are popular. The coalition has recently launched 2 new schemes – First … Continue reading

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Why unemployment persists in recessions

Previously, I’ve explained the view of the Austrian school on what causes recessions – the boom and bust cycle caused by manipulating interest rates, and the money supply. But what causes the recession to continue, and unemployment to persist? The simple answer … Continue reading

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Who predicted the Great Recession?

As I discussed in a recent post, we need to be sure what caused the Great Recession if we are to decide upon the best means to return to a growing economy and reduce unemployment. In this light, it’s worth … Continue reading

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Another metaphor on the causes of recessions

I’ve previously presented thoughts on the causes of recessions, the bust part of ‘boom and bust’. Understanding the causes of recessions is crucial in order to help prevent them, and to return to growth. The mainstream Keynesian view (named after … Continue reading

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Overdose: The Next Financial Crisis

The following documentary, Overdose, offers a more coherent explanation of the housing boom and bust than any other documentary I’ve seen thus far. The mainstream broadcast media in the UK has barely touched on the themes in this documentary, and they … Continue reading

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Tom Woods on the causes of the crisis

For those with the spare time, this is a great and enjoyable lecture by Thomas Woods, explaining the causes of the economic crisis we are in. He rightly places the blame at the policies (and indeed, the existence of) the US Federal … Continue reading

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