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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

Keynes Would Have Loved Trump's Economic Plan

Booms and BustsTaxes and SpendingMoney and BankingPolitical Theory


Donald Trump's spending plans will not invigorate the economy. However, There are some things Trump could do to truly encourage wealth creation.

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There Are Two Types of Credit — One of Them Leads to Booms and Busts

Booms and BustsBusiness Cycles


Mises made a distinction between credit that is backed by savings, and credit that is not. The second type plays a key role in the boom-bust cycle.

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How Government Budget Deficits Make Us Poorer

Money and BanksTaxes and SpendingMoney and Banking


Government spending — not the size of the deficit — is the real problem with government intervention in the economy.

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Is There a Savings Glut?

Money and Banking


Central bankers keep suggesting the economy is weak because there is too much saving. The real reason for the weak economy is too much money production.

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The Fed Thinks It Can Use the "Natural" Interest Rate to Fine-Tune the Economy

Money and BanksMoney and Banking


It is impossible to isolate the "natural rate" and policies aimed at an unknown interest-rate target end up increasing instability.

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