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Frank Shostak

Tags Booms and BustsFinancial MarketsMoney and BanksBusiness CyclesCapital and Interest TheoryMoney and Banking

Works Published inQuarterly Journal of Austrian EconomicsAustrian Economics NewsletterMises Daily Article

Frank Shostak is an Associated Scholar of the Mises Institute. His consulting firm, Applied Austrian School Economics, provides in-depth assessments and reports of financial markets and global economies. He received his bachelor's degree from Hebrew University, master's degree from Witwatersrand University and PhD from Rands Afrikaanse University, and has taught at the University of Pretoria and the Graduate Business School at Witwatersrand University.

All Works

Real Savings Are the Key for Economic Growth

Money and BanksMoney and Banking

Blog08/22/2019

Loose monetary policy can appear to work so long as real wealth is expanding. But money expansion weakens wealth creation over time, eventually leading to slower growth, lost wealth, and economic busts.

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Money Printing Can't Replace Saving and Production as the Real Engine of Economic Growth

Money and BanksMoney and Banking

Blog08/19/2019

The introduction of money does not alter the fact that individuals still have to produce something useful in order to secure some other useful goods for themselves.

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GDP Growth Isn't the Same Thing as Economic Growth

Money and BanksMoney and Banking

Blog08/12/2019

Given the way it's calculated, GDP can be driven up just as much by squandering wealth, as by building it up.

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Price Stability Is Overrated

Blog08/05/2019

Contrary to popular thinking, we do not need  the central bank to stabilize prices in order to promote economic prosperity. The central bank can neither know the "correct" level at which to stabilize prices, nor can it know the right way to do it.

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The Fed Chairman and the Phillips Curve

Blog07/30/2019

The Fed Chairman’s suggestion that the inverse correlation between inflation and unemployment has disappeared reveals that US central bank policymakers were previously employing a bankrupt theoretical framework to navigate the economy.

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