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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

Surveys or Specifics: Do Economies Respond to Consumer Expectations or the Facts at Hand?

Free MarketsRationalismBusiness Cycles

Blog08/06/2022

Much is made of surveys determining consumer confidence in the economy. Expectations, however, must line up both with proper economic theories and the information at hand.

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Profits Are Not Random. They're How Entrepreneurs Help Allocate Resources Efficiently.

Financial MarketsFree MarketsRationalism

Blog08/05/2022

The efficient market hypothesis, which is popular in neoclassical economics circles, holds that markets are so "efficient" that entrepreneurial profits are generated randomly.

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GDP Provides a False Reading of the State of the Economy

Booms and BustsEconomic PolicyThe FedBusiness Cycles

08/02/2022Mises Media
Most economists see GDP as a snapshot of the performance of the economy. However, it is better understood as a misleading statistic which fails to accurately describe what really is happening economically.
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Interest Rate Tightening Will Cause Even More Economic Destruction

Economic PolicyThe FedInflationMonetary Policy

07/27/2022Mises Media
Rather than contributing to a "soft landing," raising interest rates will continue to destroy wealth.
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Government "Stimulus" Schemes Fail Because Demand Does Not Create Supply

The FedFree Markets

Blog07/26/2022

Keynesians believe that if government spends more, it creates wealth in the process because it is "creating demand." But only wealth generation can create demand for goods.

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