How a policy of making the economy stable undermines individuals well being
byBy Dr Frank Shostak For most commentators economic stability refers to an absence of excessive fluctuations in key economic data such as real gross…
Economics
Keynesian ideas and present economic environment
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…
Post-Covid Policy Advice from Ludwig von Mises for Developing Countries
byThe coronavirus and the government responses with shutdowns and lockdowns, along with restrictions on international travel and disruptions of the global supply chains that…
The Digital Euro and Central Planning
byNeosocialist China does it, Sweden does it, and many other states want to do it, too: to issue digitized central bank money for everyone….
A Review of Stock Market Valuations – Part 2
byAs global stock markets continue to rise, commentators talk of a bubble Shorter-term indicators suggest the markets have run ahead of fundamentals Expectations about…
A Review of Stock Market Valuations – Part 1
byAs global stock markets continue to rise, commentators talk of a bubble Longer-term indicators present mixed signals about valuation Expectations about the speed of…
Did money emerge as a result of a government ruling?
byBy Dr Frank Shostak By some theories such as the Modern Monetary Theory (MMT), money originated on account of the government decree. Money according…
Can decline in money velocity offset the effect of money supply growth on price inflation?
byBy Dr Frank Shostak At the end of January, the yearly growth rate of our measure of US money supply (AMS) closed at 76.7%…
F.A. Hayek on the Discovery, Use, and Transmission of Knowledge
byby Thomas D. Howes | 13. October 2020 Not only in the business world our decisions depend on many factors. Yet how do we know what…
Reinventing the Gold-Backed Deutsche Mark
byThe seeds of sound-money destruction were sown at the 1944 Bretton Woods Conference, which established that US dollars could be held as central bank reserves…