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Frank Shostak

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

Works Published inMises Daily ArticleQuarterly Journal of Austrian EconomicsAustrian Economics Newsletter

Frank Shostak's consulting firm, Applied Austrian School Economics, provides in-depth assessments of financial markets and global economies. Contact: email.

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

Here's the True Definition of a Recession — It's Not About GDP

Money and BanksMoney and Banking

Blog15 hours ago
Recessions are the liquidation of a boom that sprang up thanks to a previous period of loose monetary policy.

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Why Wage Growth Is So Weak

Money and BanksMoney and Banking

Blog07/17/2017
As central banks enable the creation of money out of thin air, wealth creation has suffered, as has worker productivity.

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Does a Falling Money Supply Cause Recessions?

Money and BanksMoney and Banking

Blog07/07/2017
A falling money supply is not the cause of economic contractions. It is usually just a symptom of a larger problem resulting from money-creation out of thin air.

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The Money-Velocity Myth

Money and BanksMoney and Banking

Blog06/26/2017
Velocity has nothing to do with the purchasing power of money.

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Fractional-Reserve Banking and Money Creation

Money and Banking

Blog06/16/2017
Private banks are important drivers in the creation of unbacked money. But, they'd be far more constrained in this were it not for central banks.

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