Civitas Review

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    Next Bubble to Burst: Auto Loans?

    Posted in Budget & Taxes, Economics By Brian Balfour | Tagged , ,

    That's the question examined by this article published by the Mises Institute. The article draws comparisons to the housing bubble that burst around 2008, triggering the Great Recession: Artificially low interest rates resulting from massive amounts of new credit expansion encouraging the purchase of consumer durable goods financed via cheap credit. Instead of learning from […]

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    Mo' Money, Mo' Problems

    Posted in Economics By Brian Balfour | Tagged , , , ,

    In a misguided attempt to boost the economy, Federal Reserve chairman Ben Bernanke announced another round of fiat money creation, claiming "the battle against unemployment eclipses any concerns about inflation for now." This last statement reveals Bernanke's belief in the "Phillips Curve" – a model that predicts a trade off between inflation and unemployment. In […]

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