Does increase in government budget deficit promote economic growth?
byBy Dr Frank Shostak Some commentators hold that during an economic slump it is the duty of the government to run large budget deficits…
By Dr Frank Shostak Some commentators hold that during an economic slump it is the duty of the government to run large budget deficits…
Seventy-five years ago, there occurred an important event in the post–World War II revival of free-market liberal ideas. Over the first ten days of…
By Dr Frank Shostak After a prolonged period of easy monetary policy, the US central bank the Fed has embarked on a tighter monetary…
“The Earth speaks to us through the elements of nature. In every natural thing, we can find a hidden, powerful message.” Ralph Waldo Emerson…
By Dr Frank Shostak On April 19, 2022 at the Economic Club in New York, the Chicago Federal Reserve Bank President Charles Evans said…
This month, the Bank of England will celebrate 25 years of independence. For the past quarter of a century it alone, and not Her…
“Inflation” is back in the headlines, and a lot of nonsense is being said about it. Without much thought whether it makes sense or…
Hayek brings Popper closer to the Austrians in asserting the limits of science and quantitative methods in investigating the objects of the social sciences.João…
Eighty years ago, in the midst of the Second World War, Austrian-born economist Joseph A. Schumpeter published one of his most famous books, Capitalism, Socialism,…
In recent articles I have argued that the era of a financialised fiat dollar standard is ending. This article takes my hypothesis further and…