Latest Articles
The neutral interest rate fairytale
By Dr Frank Shostak On April 19, 2022 at the Economic Club in New York, the Chicago Federal Reserve Bank President Charles Evans said…
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25 years from independence, the Bank of England badly needs to rethink its remit
This month, the Bank of England will celebrate 25 years of independence. For the past quarter of a century it alone, and not Her…
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Price Indexes Aren’t Accurate Measures of Inflation
“Inflation” is back in the headlines, and a lot of nonsense is being said about it. Without much thought whether it makes sense or…
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What Popper Learned from Hayek
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…
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Can Capitalism Survive? 80 Years After Schumpeter’s Answer
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,…
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Value destruction
In recent articles I have argued that the era of a financialised fiat dollar standard is ending. This article takes my hypothesis further and…
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Interest rate determination : Mainstream view versus the Austrian School view
By Dr Frank Shostak The conventional view, as presented by Milton Friedman is that three factors determine market interest rates. The first factor being…
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Theory and the facts of reality
By Dr Frank Shostak According to the popular way of thinking, our knowledge of the economy is elusive. Consequently, the best that we can…
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Speeches at Austrian central bank last year
Last year Steve Baker and I gave speeches at the Austrian central bank. The whole event was very interesting and our speeches were well…
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Zero Hedge: The “True” Inflation Rate Is 13.2% – Censorship-Resistant Price-Tracker Built On Blockchain
With the official inflation (CPI) rate at +7.9% year-over-year – a 40-year-high – one could be forgiven for believing that the government’s statistics are…
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The Fed Can’t Fix the Economy, but It Can Break It
Source: https://mises.org/wire/fed-cant-fix-economy-it-can-break-it The Federal Reserve states that it “conducts the nation’s monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in…
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Review of Why It All Goes Wrong! by Gareth Seward
Why It All Goes Wrong! serves as a short introduction to the Austrian Business Cycle Theory and many important concepts of the Austrian School…
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Speech at Jackson Hole Summit from 2015
In 2015 there was a very interesting event in the US – the Jackson Hole Summit, which ran concurrently with the Federal Reserve meeting…
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Why the Fed’s tight interest rate stance is unlikely to undo the negatives of the previous easy stance?
By Dr Frank Shostak On Wednesday March 16 2022, the US central bank the Fed raised the target for the federal funds rate by…
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Latest Articles on Economics
The neutral interest rate fairytale
By Dr Frank Shostak On April 19, 2022 at the Economic Club in New York, the Chicago Federal Reserve Bank President Charles Evans said…
25 years from independence, the Bank of England badly needs to rethink its remit
This month, the Bank of England will celebrate 25 years of independence. For the past quarter of a century it alone, and not Her…
Price Indexes Aren’t Accurate Measures of Inflation
“Inflation” is back in the headlines, and a lot of nonsense is being said about it. Without much thought whether it makes sense or…
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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