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 MoreApril, 2021
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 MoreSay’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…
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