Latest Articles
Relation between Inflation and Deflation
By Dr Frank Shostak For most commentators inflation is about persistent increases in the prices of goods and services. However, is this the case? …
Read More
Artificial Intelligence Guide for Policy-Makers Part 1
The Cobden Centre has worked on emerging technologies around the world. This has included organising the Future of Artificial intelligence Roundtable discussions in the…
Read More
Monetary pumping and idle resources
By Dr Frank Shostak As a result of the recent strong stimulatory policies employed by the US government and the Fed, most commentators are…
Read More
Why interest rate management fails
This article explains why attempting to achieve economic outcomes by managing interest rates fails. The basis of monetary interventionist theories ignores the discoveries of…
Read More
Monetary savings versus real savings
By Dr Frank Shostak According to the National Income and Product Accounts (NIPA) the US personal savings rate stood at 13.6% in February against…
Read More
Carl Menger’s Theory of Institutions and Market Processes
This year marks the 150th anniversary of a radical change in the way economists came to understand the logic of human decision-making and the formation…
Read More
The global debt problem
It has been recently estimated that global debts stand at $284 trillion equivalent, representing 355% of global GDP. Estimates such as these must be…
Read More
Dangerous Monetary Manipulations and Fiscal Follies
Back in the 1960s, Everett Dirksen (1896-1969) served as the Republican Party minority leader in the U.S. Senate. One of his famous lines about…
Read More
Biden’s economic stimulus plan an obstacle to US economic fundamentals
By Dr Frank Shostak On March 11, 2021, the US President Biden introduced his $1.9 trillion COVID-19 stimulus plan. The President also announced a…
Read More
Monetary policy transparency, the monetary bubble and the likely economic bust ahead
By Dr Frank Shostak In an interview with National Public Radio’s “Morning Edition” program on Thursday March 25 2021, Fed Chair Jerome Powell said…
Read More
Why loose monetary policies cannot set real economic growth?
By Dr Frank Shostak Between January 1970 and December 2020 on average changes in money supply preceded by 14 months changes in real economic…
Read More
Say’s law and the destruction of savings
This article explains the fundamental mistake behind Keynes’s General Theory, the vade mecum for all macro and mathematical economists today. It is no exaggeration…
Read More
To End Budget Deficits, Restrict Political Pickpockets
Government spending is out of control. In March 2021, the Congressional Budget Office (CBO) projected that federal government spending in fiscal year 2021 (which began on…
Read More
Real savings – the heart of lending
By Dr Frank Shostak After climbing to 12.2% in April last year the yearly growth rate of combined commercial bank real estate, consumer and…
Read More
Latest Articles on Economics
Relation between Inflation and Deflation
By Dr Frank Shostak For most commentators inflation is about persistent increases in the prices of goods and services. However, is this the case? …
Artificial Intelligence Guide for Policy-Makers Part 1
The Cobden Centre has worked on emerging technologies around the world. This has included organising the Future of Artificial intelligence Roundtable discussions in the…
Monetary pumping and idle resources
By Dr Frank Shostak As a result of the recent strong stimulatory policies employed by the US government and the Fed, most commentators are…
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
-
Learn what causes the business cycle
Click here to change your understanding of the crisis -
Why are we interested in Bitcoin?
Click here to find out more -
How can you learn more about what causes financial crises?
We have one of the best economics newsletters on the web