Job Creation via Jobless Benefits and Fed Money Printing: Signs of a Modern Day Depression
Jobless benefits cant create Jobs
READ MOREThe Consumer Sees Reasons to Spend
Business-Cycle ConditionsNov. 2012As the holiday season draws near, confidence rises because of falling unemployment, an improving housing market, lower debt, and buoyant stock prices.by Steven R. Cunningham, PhD, Director of Research and Educatio …
READ MOREGold Can Save Us From Disaster
A new gold standard is crucial. The disasters that the Federal Reserve and other central banks are inflicting on us with their funny-money policies are enormous and underappreciated.
READ MOREA “Kleinian” Version of Austrian Business Cycle Theory
The next phase in my (now our, as I’ve taken on a colleague) project of thinking through Dan Klein’s Knowledge and Coordination is to see how his ideas might be used to help describe business cycle theories and demonstrate commonalities they share.
READ MORECurrencies: Re-evaluating the ghost of gold
Imagine if, over time, as our solar system swings around the Sun, the planet Jupiter suddenly put on a tremendous amount of weight. Over time the gravitational pull of the planets — and the Sun — would begin spinning around Jupiter, causing great celes …
READ MOREWhat Will Benefit From Global Recession? The US Dollar
Understanding the euro’s failure and Triffin’s Paradox helps us understand why the dollar will rise significantly in the years ahead.
READ MOREOut of Sync
Business-Cycle ConditionsOctober 2012Consumers see a brightening economic picture, but business decision makers remain cautious.by Steven R. Cunningham, PhD, Director of Research and Education
READ MOREDoes QE3 Mark the Beginning of the End of the Bond Bubble?
With savings rates at historic lows and budget deficits at historic highs, it makes little sense that interest rates should remain this low for this long. While the Federal Reserve has received much praise for keeping rates low with its Quantitative Ea …
READ MOREThe Case for Gold
Working with a team of economists, Paul and Lehrman produced a work that is as sound and prescient today as when first published.
READ MOREWhy QE3 Will Fail
Study of business cycles must be based upon a satisfactory cycle theory. Gazing at sheaves of statistics without “prejudgment” is futile. A cycle takes place in the economic world, and therefore a usable cycle theory must be integrated with general eco …
READ MOREGovernment Sector Recession
Business-Cycle ConditionsSeptember 2012Stimulus programs can’t go on forever. Eventually, something has to give.by Steven R. Cunningham, PhD, Director of Research and Education
READ MOREEzra Klein Mistakes the Arsonist for a Firefighter
Does Klein really believe that the Fed currently adjusts the value of the dollar according to “the needs of our economy?”
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