Tuesday, 28 February 2012

Modern Monetary Theory will not solve Europe’s problems.

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Some MMTers currently seem to claim that MMT offers a solution to Europe’s problems. I doubt it. Describing the recent MMT meeting in Rim...
11 comments:
Monday, 27 February 2012

Andrew Haldane’s ideas on banks and risk can be improved.

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Summary. Haldane says banks profit from the risks they take at the taxpayer’s expense. Agreed. He then argues that we need to take acco...
3 comments:
Sunday, 26 February 2012

U.S. imports from China.

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Notice anything wrong with this St Louis Fed chart showing U.S. imports from China? No? Look at the figures down the left hand side. ...
3 comments:

Oxford Prof thinks along Modern Monetary Theory lines.

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Simon Wren-Lewis is an economics prof at Oxford. He says: “We seem to be in a strange prisoners dilemma where it is absolutely clear tha...
7 comments:
Saturday, 25 February 2012

Kenneth Rogoff is 250 years behind the times.

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Kenneth Rogoff has not caught up with a point made by David Hume 250 years ago, namely that additions to the money supply will not be inf...
1 comment:
Thursday, 23 February 2012

Whose side is Bernanke on – the criminals or the victims of crime?

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Good article here by Simon Johnson pointing out that large banks have easy access to Fed on the subject of financial reform – and of cour...
Tuesday, 21 February 2012

Nonsense from the Social Market Foundation.

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This article in the Financial Times by Ian Mulheirn of the Social Market Foundation is nothing more than a collection of popular economic...
1 comment: