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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 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, his master's degree from Witwatersrand University, and his PhD from Rands Afrikaanse University and has taught at the University of Pretoria and the Graduate Business School at Witwatersrand University.

All Works

Good Economic Theory Is Always Grounded in the Real World

Money and Banks

Blog07/31/2021

The real world should always be regarded as the best foundation for an economic theory. Yet many mainstream economists think it's fine to ground economic theory in unrealistic assumptions about human behavior. 

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Why Friedman Was Wrong about Booms and Busts

Blog07/27/2021

Central banks are in a loop of repeatedly intervening to "fix" the problems caused by earlier central-bank interventions. The result will only  be recurring busts.

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Consumer Expectations Don't Tell Us Much about the Real State of the Economy

U.S. Economy

Blog07/20/2021

In a free, unhampered market economy, individuals’ expectations are likely to correspond to the facts of reality. But we live in an economy where central banks routinely distort market signals and deceive the public. 

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Sound Money versus Fiat Money: Effects on the Boom-Bust Cycle

Money and Banks

07/13/2021Mises Media
An increase in the supply of money does not necessarily cause the boom-bust cycle. It is only when more money is created out of nothing that the cycle begins.
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The Phillips Curve Myth

Money and Banks

Blog07/08/2021

Those analysts that insist on following the Phillips curve in order to ascertain the future course of the momentum of prices of goods are deceiving themselves.

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