Upcoming Speech in the European Parliament
byOn June 7th I’m giving a speech in the European Parliament for the first time since just before the “lockdowns” of early 2020. It…
The dynamics driving the dollar down
byThis article examines the currency imbalances between US dollars and the other currencies and concludes that should foreign holders decide to reduce their dollar…
The Slowest Moving Financial Crisis: The Retirement Crisis
byThe retirement crisis is a slow-moving financial crisis affecting the developed world. With no proper solution in sight, it’s time to take responsibility and…
The Smoke and Mirrors of the Debt Ceiling Crisis
byThe Washington political establishment, the social-media pundits, and the editorial pages of many newspapers have all been warning of a fiscal Armageddon if the…
Is the US banking crisis over?
byBy Dr Frank Shostak According to some commentators, the US banking crises is over. In addition, the Fed Chairman has vouched for the health…
Assumptions in economics and the real world
byBy Dr Frank Shostak In order to explain the economic crisis in Japan, the famous mainstream economist Paul Krugman employed a model that assumes…
A Pyrrhic End to 130 Years of Vicious Bad Money and Banking Crises
byThe original vicious circle starts with inflationary interventions in an up-to-then well-anchored monetary regime. Consequent asset inflation spawns a banking crisis. That leads to…
Role Reversal: The Collapse of the Dollar-Enforced Empire
byThe Soviet empire started to crumble around 1989. The time period between the forming of the North Atlantic Treaty Organization (NATO) in the late…
Savings and economic growth
byBy Dr Frank Shostak By popular thinking, an increase in the consumption of goods and services is regarded as a major driver of the…
From Discipline to No Discipline: The Sorry Evolution of Modern Banking
byEvery decade or so bank failures and the subsequent bailout response via central bank intervention appear. The latest jangling of depositor nerves involved US…