Theory and historical data
byBy Dr Frank Shostak According to the leader of the monetarists school Milton Friedman our knowledge of the world of economics is elusive. Consequently,…
Economics
Interest Rates Are Prices, Not Arbitrary Policy Tools
bySince reentering the office of the presidency in January 2025, Donald Trump has been adamant that Federal Reserve interest-rate policy has been a disaster….
Cornered
by“They’re not just getting rich.. They’re getting even.” “Silver has properties that wipe out fungus and bacteria and parasites. And that’s just in finance.”…
Not all Central Banks are created equal
byFor those of us who think central banks are a destabilising blight on the economy, responsible for encouraging malinvestment and engines of inflation, it’s…
Trump is at it again with his tariff craziness. How should Canada respond?
byBy Walter E. Block Before we answer the question, let us give some evidence of the accuracy of this description. He calls tariffs “the…
Speech in Vienna on The History of Free Trade
byI gave this speech at the European Parliament Liaison Office in Vienna, at the European Resource Bank meeting of think tanks and academics from…
Does a growing economy require increase in money supply?
byBy Dr Frank Shostak It is held by a popular thinking that a growing economy requires a growing money supply in order to provide…
Predicting the end
by“..but none of the clocks have any hands..” “We are all at a wonderful ball where the champagne sparkles in every glass and soft…
The Limits of Economic Foresight and the Oracle of Delphi: Why Models Warn, but Never Predict
byWhy Radical Uncertainty Undermines Predictive Ambitions in Economics By Elias Sanchez In antiquity, kings, generals, and heroes journeyed to the Oracle of Delphi seeking…
Correlations and money supply definition
byBy Dr Frank Shostak According to popular thinking, the definition of money is of a flexible nature. Sometimes it could be M1 and at…