Economics

This year marks the 150th anniversary of a radical change in the way economists came to understand the logic of human decision-making and the formation…

It has been recently estimated that global debts stand at $284 trillion equivalent, representing 355% of global GDP. Estimates such as these must be…

Back in the 1960s, Everett Dirksen (1896-1969) served as the Republican Party minority leader in the U.S. Senate. One of his famous lines about…

By Dr Frank Shostak On March 11, 2021, the US President Biden introduced his $1.9 trillion COVID-19 stimulus plan. The President also announced a…

By Dr Frank Shostak In an interview with National Public Radio’s “Morning Edition” program on Thursday March 25 2021, Fed Chair Jerome Powell said…

By Dr Frank Shostak Between January 1970 and December 2020 on average changes in money supply preceded by 14 months changes in real economic…

This article explains the fundamental mistake behind Keynes’s General Theory, the vade mecum for all macro and mathematical economists today. It is no exaggeration…

Government spending is out of control. In March 2021, the Congressional Budget Office (CBO) projected that federal government spending in fiscal year 2021 (which began on…

By Dr Frank Shostak After climbing to 12.2% in April last year the yearly growth rate of combined commercial bank real estate, consumer and…

There is a good opening at the IEA for someone with the requisite skills. You can see more here: https://iea.org.uk/wp-content/uploads/2021/02/RD-role-GB-converted2.pdf Below is a short…