How easy money creates the boom-bust cycle

By Frank Shostak, Mises Institute11/10/2020 07:00:00According to the popular way of thinking, various economic data can provide an analyst with the necessary information regarding the state of the economy. It is held that by inspecting various economic indicators such as the gross domestic product or industrial production, an analyst could ascertain the state of the […]

Canadian economy posted record drop in Q2 due to pandemic

OTTAWA — Statistics Canada says the economy posted its steepest decline on record in the second quarter as the COVID−19 pandemic forced the closure of non−essential businesses and slowed the economy to a crawl. The agency says real gross domestic product contracted at an annualized rate of 38.7 per cent for the three−month period, the […]