The stock market does not have a life of its own. In a relatively free economy,…
Author: Frank Shostak
We’re Headed toward Stagnation—Unless the Fed Reins In Its Money Printing
Eventually, loose monetary policy will damage real savings to the point that the economy can no…
Why Keynes Was Wrong about Consumer Spending
In the real world, an artificial boost in demand that is not supported by production leads…
A Rising Demand for Money Won’t Save Us from Inflation
The conventional view is that new money creation is no problem so long as the demand…
How Central Banks Destroy Money’s Purchasing Power
Since the present monetary system is fundamentally unstable, the central bank is compelled to print money…
Why Central Banks Are a Threat to Our Savings
Contrary to what many modern economists say, increased saving is not a problem for the economy.…
Let’s Hope Deflation Is Headed Our Way
Central banks have decided that one of their main missions is to prevent deflation. But this…
Money Pumping Won’t Fix What’s Wrong with the Economy
The current bust has been made worse by previous periods of easy money, which destroyed the…
We Can’t Just “Restart” the Economy Where We Left Off
If we're serious about maximizing the resources needed to combat COVID-19, we need an economy that…
How Fractional Reserve Lending Makes Money Disappear
Because banks make unbacked "loans," they create new money that later disappears when repaid. If these…