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Frank Shostak

Tags Financial Markets

Works Published inQuarterly Journal of Austrian Economics

Contact Frank Shostak

Frank Shostak is an adjunct scholar of the Mises Institute and a frequent contributor to His consulting firm, Applied Austrian School Economics, provides in-depth assessments and reports of financial markets and global economies.

Markets Restrain Bank Fraud, But Central Banks Enable It

Mises DailyJanuary 20, 2015
If given a choice, people will avoid paper money that is declining in value, thus putting a restraint on inflationary bank notes. To shield banks from this, they turned to a monopolist central bank that issues legal tender and helps private banks inflate.

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Government Spending Does Not Help the Economy

Mises DailyDecember 31, 2014
Keynesians believe that more government spending leads to more economic growth, but in addition to crowding out productive enterprises, government spending necessitates the transfer of wealth from the productive class to the government class.

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Should Economics Emulate Natural Sciences?

Mises DailyDecember 16, 2014
The laws of physics can never be absolutely established. For some other law may prove more elegant or capable of explaining a wider range of facts. Hypotheses must be constantly tested. Economics is not like this.

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Does Europe Have Demand Deficiency Syndrome?

Mises DailyDecember 5, 2014
Many economists still believe that wealth can be created by simply convincing people to buy more stuff through loose monetary policy. What is really needed, though, is wealth creation, and then there is never a shortage of demand.

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Diversity in Goals Brings Diversity in Value

Audio/VideoNovember 24, 2014
Every person has different goals for himself, which means everyone will value differently the means to attain those ends. No central planner can know these goals and values, writes Frank Shostak. This audio Mises Daily is narrated by Dianna Keiler.

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