Say’s law and the destruction of savings
byThis article explains the fundamental mistake behind Keynes’s General Theory, the vade mecum for all macro and mathematical economists today. It is no exaggeration…
To End Budget Deficits, Restrict Political Pickpockets
byGovernment spending is out of control. In March 2021, the Congressional Budget Office (CBO) projected that federal government spending in fiscal year 2021 (which began on…
Real savings – the heart of lending
byBy Dr Frank Shostak After climbing to 12.2% in April last year the yearly growth rate of combined commercial bank real estate, consumer and…
Opening at IEA for Academic and Research Director (A&RD)
byThere is a good opening at the IEA for someone with the requisite skills. You can see more here: https://iea.org.uk/wp-content/uploads/2021/02/RD-role-GB-converted2.pdf Below is a short…
Economic Effects Of Pandemics
by(An Austrian Analysis) BY JESÚS HUERTA DE SOTO (Draft written between December 26, 2020 and January 27, 2021) Introduction: Recurrent Cycles of Boom and…
The “Most Important Question” For Investors: Where Will Biden’s Trillions In Stimmys End Up?
byBY TYLER DURDEN at Zero Hedge Now that the $1.85 trillion Biden stimulus is officially being deployed with tens of millions of stimmy checks…
Printing Money in Times of Corona
byThe coronavirus has dominated all of our lives in recent months. Radical paths were taken by politicians in the form of lockdowns to contain…
How a policy of making the economy stable undermines individuals well being
byBy Dr Frank Shostak For most commentators economic stability refers to an absence of excessive fluctuations in key economic data such as real gross…
Keynesian ideas and present economic environment
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…
Post-Covid Policy Advice from Ludwig von Mises for Developing Countries
byThe coronavirus and the government responses with shutdowns and lockdowns, along with restrictions on international travel and disruptions of the global supply chains that…