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Economics18 May 22<17 May 22

A tighter versus easy stance

by Dr Frank Shostak

By Dr Frank Shostak After a prolonged period of easy monetary policy, the US central bank the Fed has embarked on a tighter monetary…

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James Turk: Natural Money
Economics17 May 22<17 May 22

James Turk: Natural Money

by Other Writer

“The Earth speaks to us through the elements of nature. In every natural thing, we can find a hidden, powerful message.” Ralph Waldo Emerson…

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Economics10 May 22<9 May 22

The neutral interest rate fairytale

by Dr Frank Shostak

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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Economics9 May 22<9 May 22

25 years from independence, the Bank of England badly needs to rethink its remit

by Damien Phillips

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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Economics5 May 22<4 May 22

Price Indexes Aren’t Accurate Measures of Inflation

by Other Writer

“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
Economics4 May 22<4 May 22

What Popper Learned from Hayek

by Other Writer

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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Economics28 April 22<26 April 22

Can Capitalism Survive? 80 Years After Schumpeter’s Answer

by Dr Richard M. Ebeling

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
Economics26 April 22<22 April 22

Value destruction

by Alasdair Macleod

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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Economics24 April 22<22 April 22

Interest rate determination : Mainstream view versus the Austrian School view

by Dr Frank Shostak

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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Economics21 April 22<22 April 22

Theory and the facts of reality

by Dr Frank Shostak

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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