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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

Do Price Increases or Money Supply Increases Misallocate Resources?

Booms and BustsInflation


As prices rise, many people—including economists, who should know better—claim that price increases are inflation. They are not.

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Interest Rate Tightening Will Cause Even More Economic Destruction

InflationMonetary Policy


Rather than contributing to a "soft landing," raising interest rates will continue to destroy wealth.

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GDP Provides a False Reading of the State of the Economy

Booms and BustsThe FedBusiness Cycles


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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Krugman Is Wrong (Again): Artificially Low Interest Rates Created Bubbles

Economic PolicyThe FedInflationTaxes and SpendingU.S. Economy

07/16/2022Mises Media
Paul Krugman denies that the Fed artificially suppressed interest rates. As usual, Krugman neither understands interest rates nor the effects of inflationary policies.
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The Fed's Tightening Will Only Drag Out the Economic Slump

The FedInflationMonetary PolicyMoney and Banks

07/12/2022Mises Media
Tightening the interest rate hurts both bubble and solid businesses. The Fed should just focus on reducing the money supply.
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