The Money Supply Continues its Biggest Collapse Since the Great Depression
byMoney supply growth fell again in October, remaining deep in negative territory after turning negative in November 2022 for the first time in twenty-eight…
Economics
The trade account balance and the state of economy
byBy Dr Frank Shostak Some commentators consider the trade account balance as the single most important piece of information regarding the health of the…
The Dying Tiger: The Challenges Facing ASEAN
byThe Association of Southeast Asian Nations (ASEAN), an economic bloc consisting of ten nations, is no stranger to praise. By lifting tariffs on nearly…
Managing a crisis
byThis article concludes that the current downturn in bond yields is part of a continuing market manipulation by central banks in order to restore…
Real savings the heart of credit
byBy Dr Frank Shostak By popular thinking banks are always ready to abide to increases in the demand for credit. Now, it is generally…
Against the Destruction of Western Civilization
byIt is possible for people to live together peacefully and productively. But politics damages and even destroys the necessary foundations. In fact, the damage…
Do robots reduce wages?
byIn the early days of automation, machines ruthlessly decimated workers’ place in the commercial order, and in return, only proffered employment which many of…
Mont Pelerin Society at Bretton Woods
byEarlier this month I gave a speech at the Mont Pelerin Society at Bretton Woods, to mark the eightieth anniversary of the inception of…
The Federal Reserve is Running Losses. Does This Cost Anyone Anything?
byFinancial statements of the US Federal Reserve, which consists of the board of governors in Washington and twelve district reserve banks across the country, indicate that…
The Interest Rate Shock Will Blow Up the Government’s Ponzi Game
byIn the international fixed-income markets, interest rates are rising, and the decades-long trend of declining bond yields has undoubtedly been broken. On August 2,…