Frank Shostak

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, his master's degree from Witwatersrand University, and his PhD from Rands Afrikaanse University and has taught at the University of Pretoria and the Graduate Business School at Witwatersrand University.

All Works

Throwing the Fed's Machinery in Reverse: Fed Interest Rate Policies Continue to Damage the Economy

Booms and BustsCentral BanksThe FedInflation

Blog09/07/2022Frank Shostak

The Fed’s tampering with market signals undermines the process of wealth generation, thereby exerting an upward pressure on the time preference interest rate and the market interest rate.

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Does Reducing Unemployment through Government Spending Boost the Economy?

Booms and BustsKeynesUnemployment

Blog09/06/2022Frank Shostak

The standard Keynesian play is to increase government spending in order to reduce unemployment and increase economic growth. Here's why it consistently fails.