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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

The Problem with "Velocity of Money"

Blog12/17/2018

Contrary to popular thinking, the velocity of money is not a key factor in understanding price inflation.

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The Myth of the Neutral Interest Rate

Money and BanksMoney and Banking

Blog12/08/2018

Even if the Fed were to know the level of the neutral rate it could not achieve economic stability.

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How Private Banks Create Bubbles — with the Help of Central Banks

Money and BanksMoney and Banking

Blog11/30/2018

Recessions emerge when the central bank reverses its loose monetary stance. But the seeds of recession were sown earlier by private lending practices that grew out of central-bank money creation.

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A Rising Money Supply Doesn't Necessarily Lead to Rising Prices

Money and BanksMoney and Banking

Blog11/24/2018

Increases in the money supply need not always be followed by general increases in prices, as prices are determined by both real and monetary factors.

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The Money Supply Is Never Too Small

Money and BanksMoney and Banking

Blog11/21/2018

The idea that money must grow in order to sustain economic growth gives the impression that money somehow sustains economic activity. But this has never been true.

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