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…
Does economic growth pose a threat to living standard?
byBy Dr Frank Shostak According to the New York Times (NYT) article July 17, 2022 –“The pioneering economist says our obsession with growth must…
Would You Abdicate If You Could Be the Dictator?
byLeonard E. Read, the founding and long-serving first president of the Foundation for Economic Education (FEE), once told a story about when he first…
The Fallacy of Calls for a “Manhattan Project” to Solve National Economic Challenges
byMany see the World War II project to build an atomic bomb as a template for government action to solve what appear to be…