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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

Real Economic Growth Depends on Savings

Monetary PolicyCapital and Interest Theory

Blog09/27/2023

Keynesians claim that the source of economic growth is consumer spending. Austrians know that net savings are the key to a growing economy.

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Does Technical Knowledge Always Lead to Economic Growth?

CapitalismCapital and Interest Theory

09/26/2023Mises Media
Economists and political elites fondly claim that economic growth is due to increased technological knowledge. That is only partly true.
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The Central Bank Policy Interest Rate vs the Natural Rate

Central BanksEconomic PolicyThe FedFree Markets

Blog09/22/2023

While central banks use administered interest rates in hopes of emulating the natural rate, these efforts are always going to fail. Without free markets, there is no natural rate.

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Why the Fed's Tight Rate Stance Damages the Economy

InflationMonetary PolicyU.S. EconomyGold Standard

Blog09/13/2023

In the wake of bad news on inflation, the Federal Reserve is pushing up interest rates. However, a Fed-induced higher rate is not the same as an interest rate decided by the market.

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Easy Money Is a Much Bigger Economic Problem than Debt

The FedMonetary PolicyTaxes and SpendingU.S. Economy

09/04/2023Mises Media
While many economists claim that high overall debt levels can lead to economic recessions, irresponsible government spending and money expansion are the real culprits.
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