No matter what Washington believes is good for the country, if it is not perceived as such by its economic actors there will be no economic recovery. No amount of propaganda associated with “hope and change” can alter the first commandment of human behavior — people act in their own best interest. Government policies ignore [...]
Tag archives for Business
Tyler Cowan provides a series of short introductory videos on the the business cycle. These focus on how the various “schools” of economics explain business cycles. The short introduction is below. Other videos are available here.
From Michael Panzner at Financial Armageddon comes this collection of bad news: “The Last Time Wall Street Was This Negative, We Were In A Recession” (Business Insider) As second quarter earnings season begins, companies are slashing earnings guidance at rates not seen in the last three years. Tobias Levkovich, who heads Citi’s U.S. equity strategy research, points [...]
For anyone interested in learning about Money, Banking and Business Cycles, I highly recommend this book. It is massive and an excellent treatment of the subjects from an Austrian perspective. Furthermore, its price is about 1/3 of what I paid. Outstanding bargain and outstanding presentation. Money, Bank Credit, and Economic Cycles Only a few 2nd [...]
The following represents a comment received on the post The Wealthy Beg. I thought it important enough to deserve a post. It provides an explanation of SIPC and how it works. The author corrects some impressions conveyed by my post that were originally reported in the Bloomberg article. Thanks to Mr. Friedman for setting the [...]