Credit chaos
byFollowing the day-to-day twists and turns of a banking crisis can make us lose sight of the bigger picture. It is tempting to think…
The essence of boom-bust cycles
byBy Dr Frank Shostak Is it possible to ascertain the state of the economy by looking at the data? Most economists are of the…
Monetary Freedom Instead of Central Banking
byThe United States and most of the rest of the world are, once again, in the midst of an inflationary crisis. Prices in general…
CBDCs — The good, the bad, the ugly
byThere has been much comment over the likelihood that central bank digital currencies will be introduced. I conclude they are unnecessary — a red…
Interest rates: The silent killer
byThis article is about why interest rates and bond yields are rising and why they will continue to rise, threatening to undermine the entire…
Inflation, recession, and declining US hegemony
byIn the distant future, we might look back on 2022 and 2023 as pivotal years. So far, we have seen the conflict between America…
Does demand create supply?
byBy Dr Frank Shostak According to John Maynard Keynes, The ideas of economists and political philosophers, both when they are right and when they are…
You Think the Global Economy Is Brightening? Beware: The Big Hit Is Yet to Come
byRelief is spreading among economic analysts and stock market experts. Energy prices are decreasing noticeably. The energy supply this winter seems secure; in Europe,…
Speech on Artificial Intelligence, Robotics and the Future of Warfare
byLate last year I gave a speech in Brussels on artificial intelligence, robotics and the future of warfare. The event was organised by the…
Guest Article – Towards a Freer Future: Why Transitioning to Free Banking Isn’t So Daunting
byBy Carlos Martinez and Sid Gundapaneni Since the Federal Reserve began operations in 1915, the United States has continued to experience cyclical periods of…