Category Archives: Boom & Bust
Foy and Stransky on the bust and Soros’s Institute for New Economic Thinking. Quotable: George Soros’s $50M investments would have been better spent by sending a copy of .. F.A. Hayek’s The Constitution of Liberty to everyone in his rolodex.
It’s become newly fashionable today, but Hayek has ALWAYS emphasized the existence of a risk cycle in the midst of the boom / bust cycle. Here’s an example: “Inflation at first merely produces conditions in which more people make profits … Continue reading
Paul Krugman and Tyler Cowen spew ink in the water on Hayekian macro — and an army of blogosphere Davids swoop in to decontaminate.
Fred Foldvary: Recent research by economists Moritz Schularick and Alan M. Taylor have confirmed the theory that economic booms are fueled by an excessive growth of credit. They have written a paper titled “Credit Booms Gone Bust: Monetary Policy, Leverage … Continue reading
In The Independent.