The Dying Tiger: The Challenges Facing ASEAN
byThe Association of Southeast Asian Nations (ASEAN), an economic bloc consisting of ten nations, is no stranger to praise. By lifting tariffs on nearly…
November, 2023
Managing a crisis
byThis article concludes that the current downturn in bond yields is part of a continuing market manipulation by central banks in order to restore…
Real savings the heart of credit
byBy Dr Frank Shostak By popular thinking banks are always ready to abide to increases in the demand for credit. Now, it is generally…
Against the Destruction of Western Civilization
byIt is possible for people to live together peacefully and productively. But politics damages and even destroys the necessary foundations. In fact, the damage…
Do robots reduce wages?
byIn the early days of automation, machines ruthlessly decimated workers’ place in the commercial order, and in return, only proffered employment which many of…
Mont Pelerin Society at Bretton Woods
byEarlier this month I gave a speech at the Mont Pelerin Society at Bretton Woods, to mark the eightieth anniversary of the inception of…
The Federal Reserve is Running Losses. Does This Cost Anyone Anything?
byFinancial statements of the US Federal Reserve, which consists of the board of governors in Washington and twelve district reserve banks across the country, indicate that…
The Interest Rate Shock Will Blow Up the Government’s Ponzi Game
byIn the international fixed-income markets, interest rates are rising, and the decades-long trend of declining bond yields has undoubtedly been broken. On August 2,…
Constructive and Destructive Roles of Credit
byThis article defines credit, a subject upon which there is a lack of public knowledge. What people call money is in fact credit, and…