According to an article in Bloomberg on November 5, 2019, Milton Friedman’s business cycle theory seems to be vindicated. According to Milton Friedman, strong recoveries are just natural after particularly deep recessions. Like a guitar string, the harder the string is plucked down, the faster it should come back up.
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Tag Archive: Ludwig von Mises
Why Small States Are Better
Andreas Marquart and Philipp Bagus (see their mises.org author pages here and here) were recently interviewed about their new book by the Austrian Economics Center. Unfortunately for English-language readers, the book is only available in German. Nevertheless, the interview offers some valuable insights.
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What Will Trump Do About The Central-Bank Cartel?
The US is by far the biggest economy in the world. Its financial markets — be it equity, bonds or derivatives markets — are the largest and most liquid. The Greenback is the most important transaction currency. Many currencies in the world — be it the euro, the Chinese renminbi, the British pound or the Swiss franc — have actually been built upon the US dollar.
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Austria’s Presidential Elections – Europe’s Social Mood Keeps Worsening
Austria is a small European nation that has made the grievous mistake of needlessly joining the EU in 1995, together with Finland and Sweden. Austria’s neighbor Switzerland, which is of roughly similar size and likewise militarily neutral, proved to have far better instincts. The Swedes subsequently at least had the good sense to stay out of the euro zone. It seems if there is a mistake to be made, Austrian governments will eagerly make it.
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The Mixed Economy: Plunder And Trade
Ayn Rand argued that it is the Communists’ intention to make people think that personal success is somehow achieved at the expense of others.
What can we say about the goal of the Fed’s quantitative easing? The central bank’s every act over 6 years has been to force markets towards the opposite outcome that free people would choose, one example is Goldman Sachs that profited greatly on Fed's bail-outs.
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