Dr Frank Shostak – Page 13 – The Cobden Centre

Economics12 March 21<8 March 21

Keynesian 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…

Economics24 February 21<23 February 21

By Dr Frank Shostak By some theories such as the Modern Monetary Theory (MMT), money originated on account of the government decree. Money according…

Economics19 February 21<15 February 21

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%…

Economics10 February 21<8 February 21

According to some commentators such as Nobel Laureate in Economics Paul Romer, technical knowledge is key to economic growth. We hold that if this…

Economics1 February 21<1 February 21

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…

Economics25 January 21<25 January 21

By Dr Frank Shostak Most economists hold that a growing economy requires a growing money stock, on the grounds that growth gives rise to…

Economics20 January 21<19 January 21

By Dr Frank Shostak A common conception is that the central bank is a key factor in the determination of interest rates. On this…

Economics15 January 21<11 January 21

For most experts a key factor that policy makers should be watching is the ratio between actual real output and potential real output. The…

Economics11 January 21<11 January 21

By Dr Frank Shostak Various assumptions employed by economists in their models appear to be of an arbitrary nature. The assumptions seem to be…

Economics21 December 20<21 December 20

By Dr Frank Shostak By some commentators, cost cutting by companies in order to protect profits can in fact set in motion an economic…