Latest Articles
Fiscal stimulus and economic growth
For most experts a key factor that policy makers should be watching is the ratio between actual real output and potential real output. The…
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Why Mainstream Economic Forecasts Are So Often Wrong
By Daniel Lacalle Every end of the year, by the end of the year, we receive numerous estimates of global GDP growth and inflation…
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The importance of assumptions in economics
By Dr Frank Shostak Various assumptions employed by economists in their models appear to be of an arbitrary nature. The assumptions seem to be…
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US Stocks in 2020 and the prospects for 2021
2020 has been a torrid year for stock markets globally Fiscal and monetary stimulus rescued investors from a brutal bear-market Digital transformation has accelerated…
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Economic and monetary outlook for 2021
The most important event in the new year is likely to be the Fed losing control of its iron grip on markets. The dollar’s…
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An Economist Rebukes The Economist
There are but two ways that man can deal with man: reason and force. Reason includes invention, design, entrepreneurship, finance, borrowing and lending, construction,…
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Does cost cutting undermine economic growth?
By Dr Frank Shostak By some commentators, cost cutting by companies in order to protect profits can in fact set in motion an economic…
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Why Hayek was Right About Nazis Being Socialists
Words are powerful things in that they enable us to share a common world of understanding with our contemporaries and, in the written form,…
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Open Letter to Gregory Mankiw from Keith Weiner
Dear Professor Mankiw: I am writing in response to your article in the New York Times, “The Puzzle of Low Interest Rates”. I commend…
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Quantitative methods in economics describe but do not explain
By Dr Frank Shostak Most economists regard the use of mathematical and statistical methods as the key towards understanding the complexities of economics. They…
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There Is No Chinese Economic Miracle
The year 2020 will be an extremely tough year for the European economy. Added to an unprecedented drop is a strong impact in the fourth…
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Britain’s Greatest Prime Minister
Kevin Dowd My good friend and co-author Martin Hutchinson has just had a published a blisteringly brilliant biography of Britain’s greatest Prime Minister. The…
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The supply – demand curves framework and the real world
By Dr Frank Shostak By the popular way of thinking, the determination of the prices of goods is summarized by means of supply and…
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Could a tighter monetary stance undo the effects from an easy monetary stance?
By Dr Frank Shostak By a popular way of thinking, it is the role of the central bank to make sure that economy follows…
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Latest Articles on Economics
Fiscal stimulus and economic growth
For most experts a key factor that policy makers should be watching is the ratio between actual real output and potential real output. The…
Why Mainstream Economic Forecasts Are So Often Wrong
By Daniel Lacalle Every end of the year, by the end of the year, we receive numerous estimates of global GDP growth and inflation…
The importance of assumptions in economics
By Dr Frank Shostak Various assumptions employed by economists in their models appear to be of an arbitrary nature. The assumptions seem to be…
Latest by Format
Latest Articles on Money
Why We Need a Free Market in Money
What is fiat money and what does it do? This is essential to understand since today’s worldwide unbacked paper, or “fiat,” money regime is an…
Central Banks and the Problem with Playing God
Today’s Western institutions have long been deemed to be sacrosanct. As a matter of fact, though, nation-states are increasingly met with reservation or even…
Treascomm: Steve Baker, Mark Carney and the Future of the Monetary System
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