Intellectual Property, Fire, and Other Dangerous Things
byWhenever you are talking about IP to a group of libertarians, classical liberals, Austrians, and objectivists, you are always playing with fire. By Henrique…
Psychology and economics
byBy Dr Frank Shostak Recently, a relatively new economics called Behavioural Economics (BE) has started to gain popularity. Its practitioners such as Daniel Kahneman,…
Resisting the Market Process Undermines Freedom and Prosperity
byThe free market often seems a hard sell. The resistance and opposition to its seemingly straightforward case emerges and persists, over and over again….
How the GDP framework creates the illusion that the Fed can generate economic growth
byBy Dr Frank Shostak Most experts tend to assess the strength of an economy in terms of real gross domestic product (GDP). The GDP…
Money supply and rising interest rates
byThe establishment, including the state, central banks and most investors are thoroughly Keynesian, the latter category having profited greatly in recent decades from their…
Winning Freedom Requires Some Radical Solutions
bySuppose that there was a button in front of you that if you pushed, it would, in one instant, abolish all the governmental controls…
Frank Knight’s “Risk, Uncertainty and Profit” 100 Years Later
byWithout Frank Knight, there would not have been a Chicago School of Economics. n Risk, Uncertainty and Profit, published in 1921, economist Frank Knight (1885-1972) sought to…
The Fed and low interest rate policy
byBy Dr Frank Shostak It is a commonly accepted view these days that the central bank is a key factor in the determination of…
The Economy May Be Finally Peaking, and the Fed Won’t Help Matters
byHere we go again it may seem to many. The Fed is preparing us for a policy tightening just when a powerful growth cycle…
Interest rates, money supply, and GDP
byThat the world is on the edge of a monetary and economic cliff is becoming increasingly obvious. And becoming more obviously permanent than transient,…