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.

Sunday, 23 November 2014

Isabella Kaminska opines on full reserve banking – unfortunately.

I dealt with just under fifty (50) criticisms of full reserve banking (FR) here. The criticisms range between the moderately well th...

Saturday, 22 November 2014

Farcical bank regulations.

Regulators have spent millions of hours and dollars recently hunched over their calculators, trying to work out just how far bank cap...

Friday, 21 November 2014

Mankiw and Krugman and on full reserve banking.

Mankiw expresses s ympathy with full reserve banking. He says, “Suppose we were to require banks to hold 100 percent reserves agains...

Tuesday, 18 November 2014

Daniel Aronoff versus Positive Money.

It’s game set and match to PM, if you want to know the final score. But details are as follows. Fran Boait of PM in the letter...

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Ralph Musgrave

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