Monday, 30 January 2012

Ghosh – IMF authors define “fiscal space”.

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Atish Ghosh (of the IMF Research Department) and co-authors tell us what they mean by “fiscal space”. (H/T to J. Portes). Turns out th...
Sunday, 29 January 2012

A boring idea on non-demand deficient unemployment by Arnold Kling.

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Arnold Kling goes to great lengths to make the obvious point that a faster than usual pace of change can contribute to a higher than usual ...
Friday, 27 January 2012

Fractional reserve causes artificially low interest rates.

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The argument put here for thinking that fractional reserve causes artificially low interest rates is a much expanded version of the argume...
5 comments:
Wednesday, 25 January 2012

Former Archbishop of Canterbury backs cuts in welfare.

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One of the main arguments he puts is that Britain's national debt is too high, and that cutting welfare payments would reduce the ...
1 comment:
Tuesday, 24 January 2012

Employer of last resort on the 1970s - two articles.

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The first is by Milton Friedman. It’s stronger on rhetoric than cold impartial analysis, to put it politely. And the second concerns Denma...
1 comment:
Sunday, 22 January 2012

Central banks should do some fiscal.

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This paper by a professor of computer science, Russ Abbott, suggests that the Fed should have to right to alter sales taxes and payroll ...
3 comments:
Saturday, 21 January 2012

Government borrowing is pointless.

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Note: the word government is used here in the sense “government and central bank combined”. The main and valid reason for any entity to...
11 comments: