Sound Money Is Required for Real Budget Discipline
byNews here in the USA has been full of the latest farce known as raising or not raising the debt ceiling. After the usual…
Commodity Prices Debunk the “Blame Ukraine” Excuse for Inflation
byMost politicians have used the “Ukraine invasion card” to justify the massive inflationary burst in 2021-2023. It does not matter if inflation was already…
The essence of price determination
byBy Dr Frank Shostak Why do individuals pay much higher prices for some goods versus other goods? The common reply to this is the…
Sterling crisis ahead!
byThis article points to the factors driving sterling gilt yields higher. They are likely to lead to a sterling crisis as foreign selling gathers…
Speech in Austrian Central Bank
byIt was an honour to be invited to give a speech at the Austrian central bank last week on how Friedrich von Hayek’s business…
Price Inflation Growth Slowed Slightly in April. Now Wall Street Will Demand More Easy Money.
byThe federal government’s Bureau of Labor Statistics (BLS) released new price inflation data Wednesday, and according to the report, price inflation during April decelerated slightly, coming…
Why more money can’t generate economic growth?
byBy Dr Frank Shostak The view that more money can revive an economy is based on the belief that money transmits its stimulatory effect…
Keith Weiner’s Macroeconomic Equation
byMacroeconomists, it is said, have physics envy. Physicists measure how gasses behave as temperature, pressure, and mass of gas molecules are changed, and write…
Economic freedom: The key to unlocking economic growth and prosperity
byGlobal economic freedom is declining, impacting countries’ abilities to grow their economies. Examining the link between economic freedom and prosperity. Global economic freedom is…
The Five Stages of Bank Failure Grief
byThe talking heads on financial TV ask everyday where we are in the banking crisis. Is it over yet? After scooping up First Republic,…