Fiscal stimulus and economic growth
For most experts a key factor that policy makers should be watching is the ratio between actual real output and potential real output. The…
Read MoreEconomics
Why Mainstream Economic Forecasts Are So Often Wrong
By Daniel Lacalle Every end of the year, by the end of the year, we receive numerous estimates of global GDP growth and inflation…
Read MoreThe importance of assumptions in economics
By Dr Frank Shostak Various assumptions employed by economists in their models appear to be of an arbitrary nature. The assumptions seem to be…
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US Stocks in 2020 and the prospects for 2021
2020 has been a torrid year for stock markets globally Fiscal and monetary stimulus rescued investors from a brutal bear-market Digital transformation has accelerated…
Read MoreEconomic and monetary outlook for 2021
The most important event in the new year is likely to be the Fed losing control of its iron grip on markets. The dollar’s…
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An Economist Rebukes The Economist
There are but two ways that man can deal with man: reason and force. Reason includes invention, design, entrepreneurship, finance, borrowing and lending, construction,…
Read MoreDoes cost cutting undermine economic growth?
By Dr Frank Shostak By some commentators, cost cutting by companies in order to protect profits can in fact set in motion an economic…
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Why Hayek was Right About Nazis Being Socialists
Words are powerful things in that they enable us to share a common world of understanding with our contemporaries and, in the written form,…
Read MoreOpen Letter to Gregory Mankiw from Keith Weiner
Dear Professor Mankiw: I am writing in response to your article in the New York Times, “The Puzzle of Low Interest Rates”. I commend…
Read MoreQuantitative methods in economics describe but do not explain
By Dr Frank Shostak Most economists regard the use of mathematical and statistical methods as the key towards understanding the complexities of economics. They…
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