Government “Stimulus” Schemes Fail Because Demand Does Not Create Supply
By Frank Shostak By popular thinking, the key driver of economic growth is the increase in total demand for goods and services. It is also…
Frank Shostak
Inflation IS Money Supply Growth, Not Prices Denominated in Money
By Frank Shostak In the recent Wall Street Journal article “Inflation Surge Earns Monetarism Another Look,” Greg Ip writes that a recent surge in inflation is…
Central Banks Have Broken the True Savings-Lending Relationship
By Frank Shostak Most people believe lending is associated with money. But there is more to lending. A lender lends savings to a borrower as opposed…
Macroeconomic Data Is a Tool for Government Intervention
By Frank Shostak It is common for commentators and economists to refer to something called the “economy,” which sometimes performs well and at other times poorly….
How Central Banks Destroy Money’s Purchasing Power
By Frank Shostak Most economists hold that a growing economy requires a growing money stock on grounds that growth gives rise to a greater demand for…
How Private Banks Create Bubbles — With The Help Of Central Banks
By Frank Shostak With meagre resources at his disposal, an individual is likely to allocate these resources (i.e., his wealth) towards essentials such as food,…