Christopher Mayer Archive
The Bubbling Up of Austrian Analysis
Austrians get some recognition in the Financial Times, in this piece by John Dizard (October 18, 2004; Business | US)
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Good piece on inflation/deflation
A nice thoughtful piece by our man, Robert Blumen, on the the inflation and deflation debate. He takes a good look at some deflationist arguments in a fair and even-handed manner from an Austrian viewpoint.
An excerpt:
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Japan's Bust
Athanasios Orphanides' recent Fed paper touches on aspects of Japan's extended economic slump (his basic thesis: the BOJ should have done more). This paper served as a reminder of the inadequacies and limitations of mainstream analysis in explaining Japan's long economic winter. Fortunately, though long unrecognized and unappreciated by the mainstream, there is a good framework for understanding the Japanese boom and bust. As it happens, that sequence was a classic business cycle as predicted by Austrian theory. [More]




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