Despite Their Hubris, Monetary Authorities Do Not Have Total Control
byA new monetary age is coming and sooner than anyone thinks. Since 1971 the world’s monetary system has been unanchored by anything of intrinsic…
September, 2022
The Fed Is Finally Seeing the Magnitude of the Mess It Created
byWhen asked about price inflation in his Sunday interview with 60 Minutes, President Joe Biden claimed that inflation “was up just an inch … hardly…
The velocity of money circulation myth
byBy Dr Frank Shostak For most economists the velocity of money circulation is an important factor in determining the prices of goods and services. …
Out of Control Government and Isaiah’s Job
byIt is very difficult to be a classical liberal or libertarian and not experience bouts of disappointment, frustration, and outright pessimism. The world around…
Do individuals accept money because of the government endorsement?
byBy Dr Frank Shostak Demand for a good arises because of its perceived benefit. For instance, individuals’ demand food because of the nourishment it…
Supply chains, interest rates and inflation
byThe disruption of global supply chains is seen to be a temporary problem yet to be resolved, but there are good reasons to believe…
A Century of Fascism
byby James Turk In 1922 Benito Mussolini became prime minister of Italy, putting that country on a path that had global ramifications. He was…
Why theory is the key in ascertaining the state of the economy?
byBy Dr Frank Shostak Most economic commentators are of the view that historical data is the key in assessing the state of the economy….