The new kid on the economics block is something called modern monetary theory. The name is new, but the “theory” is not. Proponents adamantly claim…

This is a great conference, I gave a speech there in 2019 and will be giving another this year. It’s very special to give…

By Dr Frank Shostak For most commentators lending is associated with money. However, is this the case? We suggest that a lender lends savings…

When the chairman of the Federal Reserve Bank speaks the financial markets listen, and this was no different with Jerome Powell’s virtual address to…

When we saw the following comment from a prominent otherwise-free-marketer, we knew it was time to write this article. “…the value of the Fed’s…

By Dr Frank Shostak It is common for commentators and economists to refer to something called the “economy” – which sometimes performs well and…

Three things bedevil the modern world so completely that we must urgently sort them or continue down our road of self-destruction. First, what we…

Last month, CNBC sent out this tweet: Inflation’s silver lining: higher salaries https://t.co/DmXuzKlX8z — CNBC (@CNBC) July 8, 2021 It isn’t often that I’m…

I’ve been analyzing currency wars for years. In fact, I’ve written a book called Currency Wars, so I have some expertise in the subject. A…

Almost fifty years ago, on August 15, 1971, the US administration under President Richard Nixon (1913–94) abolished the gold redeemability of the US dollar….

By Dr Frank Shostak In his Philosophical Origins of Austrian Economics (Mises Institute Daily Articles June 17 2006), David Gordon writes that Bohm Bawerk…

By Antony P. Mueller The General Concept of Value The value of a good results from the knowledge that each partial attainment of that…