Commentaries (some of them cheeky or provocative) on economic topics by Ralph Musgrave, Durham, UK. This site is dedicated to Abba Lerner. I disagree with several claims made by Lerner, and made by his intellectual descendants, that is advocates of Modern Monetary Theory (MMT). But I regard MMT on balance as being a breath of fresh air for economics.
Tuesday, 29 June 2010
Siemens to set up its own bank.
Good – they can’t possibly do worse than Lehmans, Northern Rock, Bernie Madoff, Fred the Shred, and the other bizarre assortment of people running Anglo-Saxon financial institutions.