Raising interest rates is not the right tool to counter inflation
byBy Dr Frank Shostak There is almost complete unanimity among economists and various commentators that inflation is about general increases in the prices of…
January, 2023
Christianity and freedom: a personal view
by Philip Vander ElstFor decades, many observers of the contemporary cultural scene have been rightly concerned about the growing evidence that materially advanced Western societies are experiencing…
Say’s law and macroeconomic ignorance
by Alasdair MacleodProbably the greatest error in modern economics was the abandonment of Say’s law, otherwise known as the law of the markets. In a nutshell,…
James Turk’s Book Review of “The Natural Order of Money”
by Other WriterIn today’s world where common sense is under attack, it is refreshing to read a book that is not only well reasoned, but provides…
The benefits of a saving culture
by Alasdair MacleodSavings are a vital component of any successful economy, and the foolishness behind the paradox of thrift is exposed in this article. It has…
The role of profits
by Dr Frank ShostakBy Dr Frank Shostak Some commentators regard profit as the outcome of exploitation of some individuals by some other individuals. Profit however, has nothing…
Asset prices and the pool of real savings
by Dr Frank ShostakBy Dr Frank Shostak We suggest that the heart of economic growth is an expanding subsistence fund or the pool of real savings. This…
Rising rates lead to financial accidents
by Alasdair MacleodA recent Bank for International Settlements paper warning of unappreciated risks in foreign exchange markets echoes my earlier warning in an article for Goldmoney…