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Frank Shostak

Tags Booms and BustsFinancial MarketsMoney and BanksBusiness CyclesCapital and Interest TheoryMoney and Banking

Works Published inQuarterly Journal of Austrian EconomicsAustrian Economics NewsletterMises Daily Article

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

Can Government Stimulus Bring Us Out of Recessions?

Money and BanksMoney and Banking

Blog04/02/2019

Expansionary monetary policy causes economic recessions. It doesn't cure them.

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Central Banks Shouldn't Fight Deflation

Free MarketsMedia and CultureEntrepreneurshipInterventionism

03/27/2019Audio/Video
The real problem was the money supply inflation that happened during the boom phase. Combating deflation in the bust phase only superficially treats a symptom of the boom-bust cycle.
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Central Banks Shouldn't Fight Deflation

Money and BanksMoney and Banking

Blog03/26/2019

The real problem was the money supply inflation that happened during the boom phase. Combating deflation in the bust phase only superficially treats a symptom of the boom-bust cycle.

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The Problem with Modern Monetary Theory

Money and BanksMoney and Banking

Blog03/19/2019

MMT basically holds that governments have control of unlimited amounts of real wealth — thanks to money-printing power. But if this were really true, countries like the USSR and North Korea could simply create money until they became wealthy nations.

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Why Economics Needs Good Theory: Facts and Figures Aren't Enough

Blog03/09/2019

There's nothing wrong with consulting statistical data. But this data can only be properly understood if one first has a good grasp of sound theory.

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