Do individuals accept money because of the government endorsement?
By Dr Frank Shostak Demand for a good arises because of its perceived benefit. For instance, individuals’ demand food because of the nourishment it…
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.
Why theory is the key in ascertaining the state of the economy?
By Dr Frank Shostak Most economic commentators are of the view that historical data is the key in assessing the state of the economy….
Economic growth and unemployment is there a connection?
By Dr Frank Shostak Some experts hold that the key to economic growth is a strengthening in the labour market. This way of thinking…
Are recessions about a decline in GDP?
By Dr Frank Shostak According to the National Bureau of Economic Research (NBER), the institution that dates the peaks and troughs of the business…
Does economic growth pose a threat to living standard?
By Dr Frank Shostak According to the New York Times (NYT) article July 17, 2022 –“The pioneering economist says our obsession with growth must…
The policies of price stability result in economic instability
By Dr Frank Shostak For most commentators the role of central authorities is to make the economy as stable as possible. What do they…
Fed’s tighter interest rate stance likely to prolong economic slump
In response to the strengthening in the yearly growth rate of the consumer price index (CPI) to 8.6% in May from 5% in May…
US Treasury secretary admits she was wrong about inflation prospects
By Dr Frank Shostak According to the Financial Times June 1, 2022, Janet Yellen, the US Treasury secretary conceded she was wrong last year…
Does increase in government budget deficit promote economic growth?
By Dr Frank Shostak Some commentators hold that during an economic slump it is the duty of the government to run large budget deficits…
A tighter versus easy stance
By Dr Frank Shostak After a prolonged period of easy monetary policy, the US central bank the Fed has embarked on a tighter monetary…