Frank Shostak

Frank Shostak, an Austrian economist and founder of AAS Economics, dives into how central bank policies create bubbles through unearned money. He explains the journey of money from barter to fiat and how low-interest rates mislead entrepreneurs into malinvestments. Frank argues that true innovation requires real savings, highlighting that current tech booms mirror past bubble bursts. He connects economic theories to the importance of understanding human choices, urging a reevaluation of government roles and market dynamics.