Inflation, recession, and declining US hegemony
byIn the distant future, we might look back on 2022 and 2023 as pivotal years. So far, we have seen the conflict between America…
Economics
Does demand create supply?
byBy Dr Frank Shostak According to John Maynard Keynes, The ideas of economists and political philosophers, both when they are right and when they are…
You Think the Global Economy Is Brightening? Beware: The Big Hit Is Yet to Come
byRelief is spreading among economic analysts and stock market experts. Energy prices are decreasing noticeably. The energy supply this winter seems secure; in Europe,…
Speech on Artificial Intelligence, Robotics and the Future of Warfare
byLate last year I gave a speech in Brussels on artificial intelligence, robotics and the future of warfare. The event was organised by the…
Guest Article – Towards a Freer Future: Why Transitioning to Free Banking Isn’t So Daunting
byBy Carlos Martinez and Sid Gundapaneni Since the Federal Reserve began operations in 1915, the United States has continued to experience cyclical periods of…
Is the Japanese Low Inflation–Low Interest Rate Model at an End?
byThe macroeconomic situation in Japan seems to be coming to a head. When the Bank of Japan, under its President Haruhiko Kuroda, announced on…
Raising interest rates is not the right tool to counter inflation
byBy Dr Frank Shostak There is almost complete unanimity among economists and various commentators that inflation is about general increases in the prices of…
Christianity and freedom: a personal view
byFor decades, many observers of the contemporary cultural scene have been rightly concerned about the growing evidence that materially advanced Western societies are experiencing…
Say’s law and macroeconomic ignorance
byProbably the greatest error in modern economics was the abandonment of Say’s law, otherwise known as the law of the markets. In a nutshell,…
James Turk’s Book Review of “The Natural Order of Money”
byIn today’s world where common sense is under attack, it is refreshing to read a book that is not only well reasoned, but provides…