boom-bust

Unless, of course, you adopt a completely different system, like socialism, which has no boom-bust cycles but lots of other problems.

In cities with inelastic supply, where speculation is possible, there was heavy use of IOs, but only in cities that had boom-bust cycles.

Mr Mishkin said the experience with subprime loans in the US fitted a boom- bust pattern of financial innovation .

And yes too says Mayer at Deutsche Bank, who spent eight years in London watching the boom-bust come to grief.

In my theory, a boom bust process or bubble has two components: a trend that occurs in reality and a misconception relating to that trend.

We have seen that it is the creation of money out of thin air that sets in motion boom-bust cycles.

As the economy and the banks grow in scale and size, the costs of repeating the long-standing boom-bust cycle grow higher.

The boom-bust explanation does not exonerate greed, shortsightedness, or misguided government policies. But it does help explain them.

Austrian business cycle theory, which Paul has made a point of explaining, blames the central bank for the boom-bust cycle.

Ultimately, China's financial system will only avoid these boom-bust cycles if interest rates can be reformed, and pushed up.

As the commodity bubble implodes, a similar boom-bust pattern is unfolding in Australia, New Zealand, Canada and the Middle East.

Once prices return to a favorable level, the Fed begins to reduce rates again and the boom bust cycle repeats.

But the cost of this boom-bust pattern of development will be both larger and more prolonged in the periphery.

The periodic crises were part of a larger boom-bust process.

After a ruinous boom-bust cycle in the late nineteen-eighties, some Scandinavian governments followed this approach.

"Empty certificates set in motion an exchange of nothing for something, which in turn leads to boom-bust cycles. "

And economic reforms to lessen the boom-bust dependency on energy prices must finally be initiated.

After the usual long and variable time lags, tight policy would take effect and another boom-bust cycle would ensue.

Such excessive freedom is generating boom-bust cycles that will probably all but destroy the world economy.

"Such boom-bust dynamics are also a possibility in other emerging Asian economies, "

Second, the information industries will go through boom-bust cycles, of which we have merely experienced the first.

Indeed, California even today amplifies its boom-bust cycles.

Latin America is accustomed to giddy boom-bust cycles.

We can thus conclude that the gold standard, if not abused, is not conducive to boom-bust cycles.

Boom, Bust and Blame - The Inside Story of America's Economic Crisis - The Great Housing Boom

Boom, Bust and Blame - The Inside Story of America's Economic Crisis -