Frank Shostak

Articles

Does a Fall in Unemployment Lead to Stronger Economic Growth?

10/20/2025 Mises Wire Frank Shostak

Ever since the Great Depression, most economists have claimed that the key to increasing economic growth is to lower unemployment. However, increasing the savings rate and building a capital structure are the keys to growth—and lower unemployment.

A Loose Versus Tight Monetary Stance

10/13/2025 Mises Wire Frank Shostak

After central bank expansionary efforts have unleashed inflation, officials then seek to contract the money supply in an attempt to undo the inflationary damage. No contractionary policy, however, can fix the problems caused by monetary manipulation.

Money Supply Fluctuations and Business Cycles

10/06/2025 Mises Wire Frank Shostak

Milton Friedman and the Monetarists believed that fluctuations in the money supply caused the boom-and-bust business cycles. Their solution—keeping money growth slow and steady—would still lead to business cycles.

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Inflation and Economic Growth

10/03/2025 Frank Shostak

According to mainstream economists, inflation aids economic growth while deflation impairs growth. Austrian economists, however, point out that in much of US history, economic growth was accompanied by deflation.

Can Econometric Models Fulfill the Role of an Economic Laboratory?

08/11/2025 Frank Shostak

Mainstream economists claim that they can use econometric models to emulate human action and, thus, create an economic laboratory. These models, however, cannot tell us about cause-and-effect, which is vital to understanding praxeology and economic behavior.

How Does Money Acquire its Value?

08/04/2025 Frank Shostak

Thanks for modern Keynesian economics, most people believe money gains its value from the government that issues it. Money's value, however, is historically tied to the value of the commodity from which money was derived.

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