Monetary Inflation’s Game of Hide-and-Seek
byThe May 12, 2021, press release from the Bureau of Labor Statistics reporting on the Consumer Price Index (CPI) for the month of April sent the…
Why econometric models cannot ascertain facts of reality?
byBy Dr Frank Shostak While in the natural sciences a laboratory experiment can isolate various elements and their movements can be followed through, there…
Relation between Inflation and Deflation
byBy Dr Frank Shostak For most commentators inflation is about persistent increases in the prices of goods and services. However, is this the case? …
Artificial Intelligence Guide for Policy-Makers Part 1
byThe Cobden Centre has worked on emerging technologies around the world. This has included organising the Future of Artificial intelligence Roundtable discussions in the…
Monetary pumping and idle resources
byBy Dr Frank Shostak As a result of the recent strong stimulatory policies employed by the US government and the Fed, most commentators are…
Why interest rate management fails
byThis article explains why attempting to achieve economic outcomes by managing interest rates fails. The basis of monetary interventionist theories ignores the discoveries of…
Monetary savings versus real savings
byBy Dr Frank Shostak According to the National Income and Product Accounts (NIPA) the US personal savings rate stood at 13.6% in February against…
Carl Menger’s Theory of Institutions and Market Processes
byThis year marks the 150th anniversary of a radical change in the way economists came to understand the logic of human decision-making and the formation…
The global debt problem
byIt has been recently estimated that global debts stand at $284 trillion equivalent, representing 355% of global GDP. Estimates such as these must be…
Dangerous Monetary Manipulations and Fiscal Follies
byBack in the 1960s, Everett Dirksen (1896-1969) served as the Republican Party minority leader in the U.S. Senate. One of his famous lines about…