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Dr Frank Shostak

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.

Economics19 April 11<19 April 11

Why Not Every Credit Expansion is Good for Economic Growth

In their various statements, central bank policy makers have said that the key to economic growth is a smooth flow of credit. For them,…

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Economics21 March 11<21 March 11

The meaning of the neutral interest rate

The idea of a neutral interest rate emanates from the writings of the Swedish economist Knut Wicksell. According to Wicksell, There is a certain…

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Economics14 March 11<14 March 11

Is there a place for experimental economics?

Economists have always been envious of the practitioners of the natural and exact sciences. They have thought that introducing the methods of natural sciences…

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Economics9 March 11<9 March 11

Money supply versus money demand

According to popular thinking, not every increase in the supply of money will have an effect on the production of goods. For instance, if…

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Do the Fed Chairman’s comments on the economy make any sense?
Economics15 February 11<15 February 11

Do the Fed Chairman’s comments on the economy make any sense?

In his speech at the National Press Club, Washington, DC on February 3, 2011 the Federal Reserve Board Chairman Ben Bernanke repeated that the…

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Economics12 January 11<12 January 11

Can expectations neutralise the side effects of loose monetary policy?

According to the Austrian Business Cycle Theory (ABCT), the artificial lowering of interest rates by the central bank leads to a misallocation of resources…

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Economics31 December 10<31 December 10

Is Velocity Like Magic?

It is alleged that when the velocity of money rises, all other thing being equal, the buying power of money declines ie the prices…

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Has the US economy entered a self-sustaining growth path?
Economics20 December 10<20 December 10

Has the US economy entered a self-sustaining growth path?

Recent strengthening in some key US economic data has prompted many economic commentators to suggest that the US economy may have entered upon a…

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Economics3 December 10<3 December 10

Currency devaluation and economic growth

According to popular thinking the key to economic growth is demand for goods and services. It is held that increases or decreases in demand…

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Inflationary expectations and economic growth
Economics21 October 10<21 October 10

Inflationary expectations and economic growth

In its September 21 meeting Fed officials expressed concern that the US rate of inflation is far too low. Also, on Friday the Fed…

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  • About
    • Our Vision
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    • PRIVACY POLICY