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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 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

Why Understanding Inflation Is So Important

Money and BanksMoney and Banking


Conflating "inflation" with a general rise in prices prevents understanding the true problem with inflation. 

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Why We Now Measure Gold in Dollars — and Not the Other Way Around


A major catalyst behind the collapse of the Bretton Woods system was the loose monetary policies of the US central bank, which pushed the price of gold in the gold market above the official $35 per ounce.

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Trump's Tariffs Are a Tax on Americans

Protectionism and Free Trade


Employers that rely on aluminum and steel will now have to pay more for those resources, meaning workers will see lower wages and less hiring. 

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Will the Data Tell Us When the Next Bust Is Due?

Money and BanksMoney and Banking

The trigger to boom-bust cycles is central bank monetary policies and not some mysterious factors we can only tease out of statistical data.

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Is Money Creation Fueling the Stock Market Surge?

Money and BanksMoney and Banking

In order then to have a general increase in prices, all other things being equal, there must be an increase first in the money supply.

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