Biden’s economic stimulus plan an obstacle to US economic fundamentals
By Dr Frank Shostak On March 11, 2021, the US President Biden introduced his $1.9 trillion COVID-19 stimulus plan. The President also announced a…
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Monetary policy transparency, the monetary bubble and the likely economic bust ahead
By Dr Frank Shostak In an interview with National Public Radio’s “Morning Edition” program on Thursday March 25 2021, Fed Chair Jerome Powell said…
Read MoreWhy loose monetary policies cannot set real economic growth?
By Dr Frank Shostak Between January 1970 and December 2020 on average changes in money supply preceded by 14 months changes in real economic…
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Real savings – the heart of lending
By Dr Frank Shostak After climbing to 12.2% in April last year the yearly growth rate of combined commercial bank real estate, consumer and…
Read MoreHow a policy of making the economy stable undermines individuals well being
By Dr Frank Shostak For most commentators economic stability refers to an absence of excessive fluctuations in key economic data such as real gross…
Read MoreKeynesian ideas and present economic environment
By Dr Frank Shostak According to John Maynard Keynes, The ideas of economists and political philosophers, both when they are right and when they are…
Read MoreDid money emerge as a result of a government ruling?
By Dr Frank Shostak By some theories such as the Modern Monetary Theory (MMT), money originated on account of the government decree. Money according…
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Can decline in money velocity offset the effect of money supply growth on price inflation?
By Dr Frank Shostak At the end of January, the yearly growth rate of our measure of US money supply (AMS) closed at 76.7%…
Read MoreIs technical knowledge the key driver of economic growth?
According to some commentators such as Nobel Laureate in Economics Paul Romer, technical knowledge is key to economic growth. We hold that if this…
Read MoreRelation between minimum wage and unemployment
On January 21 2021, the US President Joe Biden, through an executive order announced an increase in workers minimum wage from $7.25 per hour…
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