Do Technology Shocks Cause Boom-Bust Cycles?
Some economists, such as Finn Kydland and Edward C. Prescott (KP)—the 2004 Nobel Laureates in economics—believe that a major cause ...
Saturday, August 1, 2026
Tag: BoomBust
We’re Approaching the “Blame the Consumer” Stage of the Boom-Bust Cycle
For those of us who have lived through past recessions, this latest development comes as no surprise: as the US ...
Milton Friedman’s Guitar String Boom-Bust Cycle Theory
It is popular in economics to employ metaphors in order to provide support to a particular idea. For example, concepts ...
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