Do individuals accept money because of the government endorsement?
byBy Dr Frank Shostak Demand for a good arises because of its perceived benefit. For instance, individuals’ demand food because of the nourishment it…
Supply chains, interest rates and inflation
byThe disruption of global supply chains is seen to be a temporary problem yet to be resolved, but there are good reasons to believe…
A Century of Fascism
byby James Turk In 1922 Benito Mussolini became prime minister of Italy, putting that country on a path that had global ramifications. He was…
Why theory is the key in ascertaining the state of the economy?
byBy Dr Frank Shostak Most economic commentators are of the view that historical data is the key in assessing the state of the economy….
How Long Will This Recession Last?
byThe most important question for asset prices right now, from stocks to houses to Bitcoin, is whether we’re due for a recession. Last week…
Economic growth and unemployment is there a connection?
byBy Dr Frank Shostak Some experts hold that the key to economic growth is a strengthening in the labour market. This way of thinking…
Are recessions about a decline in GDP?
byBy Dr Frank Shostak According to the National Bureau of Economic Research (NBER), the institution that dates the peaks and troughs of the business…
Bank credit — friend or foe?
byAdvocates of sound money place much of the blame for inflation on bank credit. Do away with the creation of bank credit, they say,…
Monograph by Steve Baker and Max Rangeley
byThis year I wrote a monograph with Steve on the bubble caused by zero percent interest rates. In fact the bubble has been growing…