Where is the US dollar heading against the Euro?
By Dr Frank Shostak The price of the Euro in terms of the US$ closed at 1.135 in November against 1.156 in October and…
Dr Frank Shostak
Dr Frank Shostak is a leading Austrian economist and director of Applied Austrian School Economics Ltd, which aims to assess the direction of various markets using the Austrian School methodology. AASE aims to make Austrian economics accessible to businessmen.
The myth that money pumping can help economic growth
By Dr Frank Shostak By popular thinking, the role of the central bank is to navigate the economy along the so-called path of economic…
The Divisia monetary indicator and the money supply definition
By Dr Frank Shostak By most commentators, since the early 1980s, correlations between various definitions of money and national income have broken down. The…
Price stability and economic instability
By Dr Frank Shostak One of the mandates of the Fed is to attain price stability. It is held that price stability is the…
Monetary pumping and idle resources
By Dr Frank Shostak Resources that are utilized to promote economic prosperity in normal times become underutilized during recessions. Some experts are of the…
Money velocity and prices
By Dr Frank Shostak The yearly growth rate of US AMS jumped to almost 80% by February 2021 (see chart). Given such massive increase…
Have long-term US T-bonds entered bear market?
By Dr Frank Shostak After closing at 0.53% in July 2020 the yield on the 10-year US T-Bond moved relentlessly higher closing on Tuesday…
Why dollars in our pockets have value?
By Dr Frank Shostak Why does the dollar bill in our pockets have value? According to some commentators, money has value because the government…
Without valid theory, the knowledge of the world of economics is not possible
By Dr Frank Shostak According to popular thinking, it is held that by means of statistical and mathematical methods one can organize an historical…
How unbacked lending weakens the wealth generation process
By Dr Frank Shostak For most commentators lending is associated with money. However, is this the case? We suggest that a lender lends savings…