Defining what a recession is
byBy Dr Frank Shostak Most economic commentators consider a softening in economic statistics such as gross domestic product (GDP) as indicative of a likely…
Economics
Is High Inflation Followed by Demands for Sound Money? Usually Not.
byBy Brendan Brown The severe losses for the center-right parties in the mid-summer French and British general elections, (i.e., Macron’s center-right coalition partners and…
The Coming US Budget Disaster Will Impoverish Americans
byBy Daniel Lacalle Deficit spending is not a growth tool. It is the recipe for stagnation. The latest Congressional Budget Office (CBO) budget and economic outlook…
Why is Bitcoin Valuable?
byThe surge of cryptocurrencies has garnished an array of opinions on the matter. While some people hold a positive outlook, others see cryptocurrency as…
Government not monopolies undermine individuals’ wellbeing
byBy Dr Frank Shostak By popular thinking, monopolies are seen as undermining individuals’ wellbeing. For instance, monopolies are being blamed for causing large increases…
A Primer On Value – for non-investing and investing man
by„Value is … the importance that individual goods or quantities of goods attain for us because we are conscious of being dependent on command…
Lecture on the Austrian School at HEC Paris Business School
byI had the pleasure of giving a lecture on the Austrian School and the future of money at HEC Paris business school. The whole…
Understanding the Montaigne Fallacy
byBy Mark Thornton With the world moving more and more in the direction of trade protectionism and war, it is worth remembering the origin…
Why economic growth causes price decline not increase?
byBy Dr Frank Shostak Some economic commentators are of the view that whenever the economy strengthens it should be the role of the Federal…
Ludwig von Mises and the Austrian Theory of Money, Banking, and the Business Cycle, Part 3
byWhen the English-language edition of Ludwig von Mises’s The Theory of Money and Credit was published 90 years ago, in 1934, the world was in the…