Austrian Economics

Calculated Risk has a post out today called Bubbles and Employment. The gist of the post is that interest rates play a role in creating bubbles as demonstrated by data on employment and common property yard-sticks like price-to-rent and…

Unadjusted jobless claims after the holiday season are always monstrous because of seasonality. Last week 645,571 people filed initial claims for unemployment insurance in the United States.  That is down from the 731,958 who filed at…

About three months ago, Nobel Prize winning economist Paul Krugman took a stab at explaining why economists didn’t anticipate the worst financial crisis in three-quarters of a century. His was a long piece, taking up eight pages and 6,000…

Yesterday, I indicated I would write a few thematic posts as a look back at some of the more important economic topics that this credit crisis has uncovered. Tying posts together in a theme definitely gives a better holistic view of a the…

Watchdog fines Depfa €250,000 over suspected breach of rules - Independent.ie Gold slumps to seven-week low Geithner Voices Confidence About Economic Rebound : NPR FT.com - Glencore bond deal paves way for IPO (For a company…

As we approach the new year, I have decided to write a few thematic posts as a look back at some of the more important economic topics that this credit crisis has uncovered. The thinking is that tying posts together in a theme might give a…

For the period leading up to the panic last year, I had been warning of a rather severe recession. My view at the time was that what was needed was a realignment of America’s industrial organization away from finance and housing where…

In this post: A few thoughts about the limitations of government Our founding fathers How large should government be? How policy helps frame the debate Where we are headed In a recent post, “Stop the madness now!” I voiced…

Hat tip Rolfe Winkler.

The motivating factor?  this article in Politico: President Barack Obama plans to announce in next year's State of the Union address that he wants to focus extensively on cutting the federal deficit in 2010 – and will downplay…