Britain’s Double Bind: Inflation, Productivity, and the Limits of Monetary Policy
byWhy Procrustean Politics Undermines Growth and How the SHIFT and LEAP Frameworks Offers a Path to Sustainable Prosperity By Elias Sanchez and Ritvik Verma…
Money supply not corporate profits the key driver of price increases
byBy Dr Frank Shostak Some commentators are of the view that an important driver in the increases of the prices of goods is businesses…
Quis custodiet ipsos custodes ?
by“He smiled and shook his head. ‘I can’t pay it. It is too much.’” “Critics are men who sit and watch a battle from…
The Nature of Bureaucracy
byBy George Ford Smith “The need to limit the discretion of subordinates is present in every organization.”— Ludwig von Mises, Bureaucracy “General Turgidson, I find…
With Its Latest Rate Cut, the Fed Serves Wall Street and the Regime
byBy Ryan McMaken On Wednesday, the Federal Reserve’s Federal Open Market Committee cut the target policy rate by 0.25 percent, bringing the target down to…
Easy versus tighter monetary stance
byBy Dr Frank Shostak By popular thinking the economy is perceived to be like a space ship, which occasionally slips from the path of…
F. A. Hayek’s “Use of Knowledge in Society”: 80 Years On
byighty years ago, one of the most important contributions to economic theory and policy appeared as the lead article in the September 1945 issue…
Hobbes and the “state of nature”
byIn 1651, the English philosopher Thomas Hobbes imagined life in the “state of nature”—that is, a world without governing institutions and guardrails. This world…
Money of the American Constitution
byThe US dollar is not what most people think it is. There are a constitutional dollar (C$) and a Federal Reserve dollar (F$). The…
Inflation and economic growth
byBy Dr Frank Shostak By the popular way of thinking the policy of price stability does not always mean that the central bank must…