Commentaries (some of them cheeky or provocative) on economic topics by Ralph Musgrave. 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.
Thursday, 17 April 2014
Banking can be funny.
Nice description of the
dirty tricks played by the Bank of Scotland and Royal Bank of Scotland on
each other around 1700. See 35.10 to 38.00.