Liberalism, True and False
byThe death of liberalism has been hailed or feared for well over a century now. In the United States, the tribal collectivists of identity…
Banking crisis — the Great Unwind
byThere is a growing feeling in markets that a financial crisis of some sort is now on the cards. Credit Suisse’s very public struggles…
Imploding credit — the consequences
byThere is a growing realisation that the world faces a combination of persistent inflation of prices and a recession at the same time. The…
What Does Seasonally Adjusted Mean?
byBy Dr Frank Shostak By popular thinking, it is not always possible to establish the conditions of the economy by just inspecting the data…
Can we ascertain supply – demand curves?
byBy Dr Frank Shostak It is commonly held that the determination of the prices of goods and services can be done by means of…
If America Were Totalitarian, Where Would You Want to Live?
bySuppose that one evening as the sun was setting and dusk was settling in, a strange mist fell over the United States that resulted…
Despite Their Hubris, Monetary Authorities Do Not Have Total Control
byA new monetary age is coming and sooner than anyone thinks. Since 1971 the world’s monetary system has been unanchored by anything of intrinsic…
The Fed Is Finally Seeing the Magnitude of the Mess It Created
byWhen asked about price inflation in his Sunday interview with 60 Minutes, President Joe Biden claimed that inflation “was up just an inch … hardly…
The velocity of money circulation myth
byBy Dr Frank Shostak For most economists the velocity of money circulation is an important factor in determining the prices of goods and services. …
Out of Control Government and Isaiah’s Job
byIt is very difficult to be a classical liberal or libertarian and not experience bouts of disappointment, frustration, and outright pessimism. The world around…