Inflation Is Not Price Increases: Inflation Causes Price Increases
Despite all these assertions regarding the side effects of inflation, the popular way of thinking…
Continue readingFrank Shostak
Can Increases in the Supply of Gold Lead to Boom-Bust Cycles?
Boom-bust cycles emerge from increases in the money supply out of…
Continue readingHow the Policy of Price Stability Generates Greater Economic Instability
Many mainstream economists believe that economic stability refers to an absence of excessive fluctuations in the overall economy…
Continue readingDo People Accept Money Because Government Endorses It?
The acceptance of money is dictated by its previous purchasing power, and money has a purchasing power because initially it was fully backed by…
Continue readingThe Fed Is Wrong to Make Policies Based upon the Phillips Curve
Powell and others believe there is a tradeoff between inflation and unemployment, described by the Phillips curve, however, this is not always true…
Continue readingLooking at the Economic Myth of the “Soft Landing”
Higher interest rates need not cause an economic slump?
Continue readingDoes Reducing Unemployment Through Government Spending Boost The Economy?
The key to economic growth is to strengthen the labor market?
Continue readingIs a Recession Simply a Decline in GDP? What Does That Mean?
Contrary to popular thinking, recessions are not about negative growth in GDP for at least two consecutive quarters…
Continue readingWill the US Dollar Weaken against Other Currencies?
Is the dollar likely to come under pressure against the euro and the yen?
Continue readingSurveys or Specifics: Do Economies Respond to Consumer Expectations or the Facts at Hand?
In a free market economy, individuals’ expectations will tend to move in tandem with reality, and this contrasts with…
Continue readingGovernment “Stimulus” Schemes Fail Because Demand Does Not Create Supply
Most commentators believe that through fiscal and monetary stimulus, government can prevent the US economy falling into…
Continue readingInterest Rate Tightening Will Cause Even More Economic Destruction
Given the high likelihood that the economy’s pool of wealth is in trouble, an aggressive interest rate rise is…
Continue readingThe Fed’s Tightening Will Only Drag Out the Economic Slump
If the central bank were to focus on true inflation, which is increases in money supply, this would remove the…
Continue readingContra Ben Bernanke, the Gold Standard Promotes Economic Stability
In the past, the alleged instability of economies on the gold standard took place because the authorities were…
Continue readingEven After Admitting She Underestimated Inflation, Janet Yellen Still Doesn’t Understand What It Is
Contrary to popular thinking, inflation is not about general increases in the prices of goods and services but about…
Continue readingWhat Is Stagflation and What Causes It?
Things are different once money is generated out of “thin air” due to central bank policies and…
Continue readingGovernment Spending Is the Real Tax; Deficits Are a Sideshow
The more government spends, the less savings will be available for the wealth-generating private sector…
Continue readingFederal Reserve Policies Aimed at Creating Price Stability Bring About Economic Instability
The ever-growing interference with the workings of markets drives the US economy toward persistent economic impoverishment and…
Continue readingForget What the “Experts” Claim about Deflation: It Strengthens the Economy
The emergence of deflation is always good news, since it is in response to…
Continue readingEconomic Theory Begins with Human Action, Not Data Sets
Without a theory that “stands on its own feet,” various mathematical and statistical methods cannot assist an analyst in…
Continue reading