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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, 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

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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Inflation: Is It the Disease or the Symptom?

Blog06/09/2017
This increase in the money supply — not changes in prices — is what sets in motion the misallocation of resources.

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Deflation, Easy Money, and the Boom-Bust Cycle

Money and BanksMoney and Banking

Blog06/02/2017
When money is made "out of thin air," we see economic busts go hand-in-hand with price deflation. This is not the case with sound money.

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Changes in the Money Supply Don't Cause Business Cycles

Money and BanksMoney and Banking

Blog05/30/2017
Business cycles do not result from mere fluctuations in the money supply. What is needed is that the changes occur with money made "out of thin air."

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"Priming the Pump" Won't Create Real Wealth

Capital and Interest Theory

Blog05/22/2017
Many economists believe the economy can be "jump-started" with some monetary and fiscal stimulus. Unfortunately, this only creates bubbles.

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