YAL in Action

Check out YAL activities on campus and updates from around the liberty movement.

Tag: Austrian Business Cycle Theory
  • They just don’t understand!

    The IMF calls on the Bank of England to “stimulate” by cutting rates and quantitative easing.  This is another great example of Keynesian economics at its finest.  Debasing a currency does not create growth. These politicians, worldwide, are short-sighted in the sense that they only care about the next election, which forces them to do whatever they can to …

  • A reason to raise the debt ceiling? Not a chance.

    This article from Politico is good only for a laugh.  According to the author of the article: Mortgage firms Fannie Mae and Freddie Mac could lose the top-notch ratings made possible through their government conservatorship. Tucked into Moody’s recent report is a footnote estimating that, without explicit government support, Fannie Mae and Freddie Mac would …

  • George Soros Astounded to Hear about the Austrian Business Cycle Theory

    At about four minutes into this video, the interviewee basically describes to Soros the Austrian theory of the business cycle — that is, how governments print money and cause malinvestment which creates bubbles. Soros seems to be quite astounded by this, and the look on his face is really worth it after hearing him preach …

  • We’re Screwed

    Neeraj Chaudhary argues that we will soon be in the midst of a Great Depression much worse than the first. He opens with a frightening but nonetheless true revelation: With the mainstream media focusing on the country’s leveling unemployment rate, improving retail sales, and nascent housing recovery, one might think that the US government has …