Price stability and economic instability
By Dr Frank Shostak One of the mandates of the Fed is to attain price stability. It is held that price stability is the…
Dr Frank Shostak
Dr Frank Shostak is a leading Austrian economist and director of Applied Austrian School Economics Ltd, which aims to assess the direction of various markets using the Austrian School methodology. AASE aims to make Austrian economics accessible to businessmen.
Monetary pumping and idle resources
By Dr Frank Shostak Resources that are utilized to promote economic prosperity in normal times become underutilized during recessions. Some experts are of the…
Money velocity and prices
By Dr Frank Shostak The yearly growth rate of US AMS jumped to almost 80% by February 2021 (see chart). Given such massive increase…
Have long-term US T-bonds entered bear market?
By Dr Frank Shostak After closing at 0.53% in July 2020 the yield on the 10-year US T-Bond moved relentlessly higher closing on Tuesday…
Why dollars in our pockets have value?
By Dr Frank Shostak Why does the dollar bill in our pockets have value? According to some commentators, money has value because the government…
Without valid theory, the knowledge of the world of economics is not possible
By Dr Frank Shostak According to popular thinking, it is held that by means of statistical and mathematical methods one can organize an historical…
How unbacked lending weakens the wealth generation process
By Dr Frank Shostak For most commentators lending is associated with money. However, is this the case? We suggest that a lender lends savings…
Macro-economic data: tool for government intervention
By Dr Frank Shostak It is common for commentators and economists to refer to something called the “economy” – which sometimes performs well and…
Concepts in economics and the facts of reality
By Dr Frank Shostak In his Philosophical Origins of Austrian Economics (Mises Institute Daily Articles June 17 2006), David Gordon writes that Bohm Bawerk…
Are savings harmful to economic growth?
By Dr Frank Shostak Most commentators’ regard savings as harmful to economic growth on the ground that savings are associated with fewer outlays. These…