RALPHONOMICS

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.

Wednesday, 30 November 2011

Academia at its worst.

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The words of Prof. Bryan Caplan: "I've been in school for the last 35 years - 21 years as a student, the rest as a professor. ...
Tuesday, 29 November 2011

Positive Money and what proportion of the money supply is created by commercial banks.

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Positive Money advocates full reserve banking. So do I. So I support Pos Mon both financially and with my time. But I disagree with them ...
3 comments:
Monday, 28 November 2011

Ron Paul, Bernanke and can money for capital investment come from the printing press?

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Youtube clip of Ron Paul interviewing Bernanke. Ron Paul asks whether money for capital investment can come from the printing press – s...
Sunday, 27 November 2011

Government should not subsidise bank loans.

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It’s been announced in the last 48 hours that the UK government intends underwriting a few billion of loans by banks to businesses, which ...
1 comment:
Thursday, 24 November 2011

Germany fails to sell debt.

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The recent failure of Deutschland to sell its debt stems does not stem the market thinking Deutschland is not credit-worthy. The very idea...
Wednesday, 23 November 2011

Today’s Financial Times leading article on deficits and debt is clueless.

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The article starts: It is now clear that curbing Britain’s public debt is going to be much harder than the coalition government origi...
1 comment:
Sunday, 20 November 2011

87 countries have left currency unions since 1945.

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John Redwood says 87 countries have left currency unions since 1945. .
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