Tags » Austrian Business Cycle Theory

Economic Myths #2 – Consumption Boosts Growth

The belief that economic growth is boosted by consumption is based upon such a simple misunderstanding that a realisation of the truth will cause one to question why such a simple fact evaded you in the first place. 610 more words

Economics

More reasoning to why this economy is so sluggish

Rick Santelli is right again as well as Peter Schiff. This is more reasoning, and I love it when Rick Santelli goes off in the way that he does. 523 more words

Politics

Why is Austrian business cycle theory held to such a high-bar?

I find it surprising that so many concentrate on rational expectations when discussing Austrian business cycle theory (ABCT). Is Austrian business cycle theory the only modern business cycle theory that must reach such a high bar? 402 more words

Macroeconomics

Is Brazil Sitting On a World Cup Bubble?

Just hours before the opening ceremony of the World Cup last Thursday, protesters clashed with police in the streets of Sao Paolo and Rio de Janeiro. 620 more words

Economics

Sunday Linkage

What the Bible has to say about bankruptcy.

Art Carden makes an interesting suggestion to grad students looking for a research project:

I believe that the Austrian business cycle theory is correct as a matter of logic, but we need a lot more detailed empirical work before we can know just how quantitatively significant it is.

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Christian Worldview