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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's consulting firm, Applied Austrian School Economics, provides in-depth assessments of financial markets and global economies. Contact: email.

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

Tightening the Money Supply will Inevitably Lead to a Bust

The FedMoney and BanksMoney and Banking

Economic busts are the inevitable removal of various activities that result from easy-money policy. Busts are unavoidable without endless "stimulus."

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Should Cash be Abolished?

Money and BanksMonetary TheoryMoney and Banking

The usefulness of money depends on it having some connection to physical money. Reducing money to a digitized abstraction would be a disaster.

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Can Technology Prevent a Recession?

Booms and BustsMoney and BanksBusiness CyclesMoney and Banking

Technology doesn't tell us much about whether we're prone to a recession. The much larger issue is inflation-induced misallocation of resources.

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Why Fractional-Reserve Banking Would Be Limited in an Unhampered Market

Money and Banking


In a free market economy, banks would actually have to clear their checks and this would be a deterrent to creating money out of "air."

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Money Creation and the Boom-Bust Cycle


Newly-created money is not evenly distributed in the economy, so new money will lead to a something-for-nothing exchange which brings a boom-bust cycle.

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