Slumping Money Supply (Not Austerity) Plunges Hungary Into Recession
Hungary is in a recession, again. According to the chattering classes, as well as many analysts and financial reporters, fiscal austerity is the cause of Hungary’s slump. Nonsense. Hungary’s recession results from its slumping money supply.
READ MOREStrength Beneath the Surface
Business Cycle ConditionsAugust, 2012Despite persistently high unemployment, income growth and consumer spending keep pushing a slow, but steady, recovery. by Steven R. Cunningham, PhD, Director of Research and Education
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Bubble Economics
Works so nice, apparently we should try it twice. Then thrice… Dr. Paul Krugman is calling for another bubble, this time in Germany, to solve the problems of a previous bubble in the PIIGS nations (Portugal, Italy, Ireland, Greece, Spain) of southern …
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Fractional Reserves and Economic Instability
Fractional-reserve banking has historically been viewed by some economists and most monetary cranks as a panacea for the economy
READ MOREBumps in the Road
Business Cycle ConditionsJuly, 2012Crisis in Europe and fiscal uncertainty at home contribute to a slowdown in spending. But the recovery is likely to continue. by Polina Vlasenko, PhD, Research Fellow
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A Call to Arms for Central Banks
How central banks tend to destroy economies and what we can do to stop them.
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Inflationeering…
Wondering why inflation figures are so tame when real estate prices are soaring? There is a simple explanation: the Consumer Price Index factors in rising rents, not rising home prices.
READ MORERecovery in an Age of Thrift
Business-Cycle ConditionsJune, 2012The expansion may seem tepid. But against a backdrop of unprecedented debt reduction, the economy doesn’t look all that bad.by Polina Vlasenko, PhD, Research Fellow
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Missing the Point
At The Economist blog Free Exchange, different opinions on the situation of Europe are discussed. More precisely, would fiscal austerity have made a difference, or was fiscal policy the right tool? Examples of economists in favor and against austerity …
READ MORECostly Benefits Dampen Hiring
Business Cycle ConditionsMay, 2012Overtime and temporary employment increase as the tab for health care makes businesses balk at adding permanent jobs. by Polina Vlasenko, PhD, Research Fellow
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Think The US Student Loan Bubble Is Bad? You Ain’t Seen Nothing Yet
Note to the Federal Government: Champagne bubbles are good. The bubbles you’ve been giving us? Not so much.
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