In this fascinating interview, Mark Thornton explains how the Austrian business cycle predicted the housing bubble, and how those cashing in on it criticized him until the bubble burst. Dr. Thornton and host Justin Mohr also discuss the US economy and how it isn’t recovering, how bubble blowing from the fed might end, and the increasingly popular
Jeff Deist and Jay Taylor, host of Taylor’s Hard Money Advisers, discuss the role of Austrian economics in understanding the market crash of 2008; and how some institutional investors used Austrian theory to get very rich shorting that crash. If you are interested in markets, business cycle theory, and what Austrian theory has to say about the
James Grant, of Grant’s Interest Rate Observer , recently joined us at our event in Stamford, Connecticut, to discuss his new book, The Forgotten Depression—1921: The Crash That Cured Itself . If you’ve never heard of the Depression of 1921, it’s because the federal government and the (then new) Federal Reserve did the opposite of what they did in
The US Federal Reserve is playing with the idea of raising interest rates, possibly as early as September this year. After a six-year period of virtually zero interest rates, a ramping up of borrowing costs will certainly have tremendous consequences. It will be like taking away the punch bowl on which all the party fun rests. Low Central Bank
In recent years, home price indices have seemed to proliferate. Case-Shiller, of course, has been around for a long time, but over the past decade, additional measures have been marketed aggressively by Trulia, CoreLogic, and Zillow, just to name a few. Measuring home prices has taken on an urgency beyond the real estate industry because for many,
Ben Bernanke reveals more about his own views when he comments on the $10 bill controversy to replace Alexander Hamilton. Bernanke attacked Secretary Jack Lew’ s idea to replace Hamilton with a women: I must admit I was appalled to hear of Treasury Secretary Jack Lew’s decision last week to demote Alexander Hamilton from his featured position
The pages of Mises.org have been filled with analysis on the impacts of ZIRP, or Zero Interest Rate Policy (of the Federal Reserve) for many years. Even though the recession officially ended 6 1/2 years ago, the policy has remain in place for the last 7 years. The main results of the policy has been to benefit the large banks and to generate
Recently Senator Ted Cruz aggressively questioned Janet Yellen on the Fed’s possible role in causing the financial crisis and subsequent recession. In particular, he claimed that “in the summer of 2008” the Fed “told markets that it was shifting to a tighter monetary policy,” and that this announcement “set off a scramble for cash, which caused
The last financial crisis and recession drove many to the writings of Austrian economists and the Mises Institute. In fact, I’m in that cohort. And every time the Fed makes headlines, I see this crowd getting larger . Sub-Groups Within the Anti-Fed Party Even with this December 2015 episode, with the media abuzz over a 0.25 rate increase, many are
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.