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.

Friday, 12 December 2014

China mollycoddles its banksters.

So given a need for stimulus, a “communist” country hands money to banksters rather than the people. Don’t you just love it? ...

Thursday, 11 December 2014

Deficit “unsustainability” clap-trap.

It would be nice if one of the World’s leading finance and economics publications, the FT, knew something about deficits. Apparently ...

Tuesday, 9 December 2014

Wells Fargo bans staff from investing in peer-to-peer.

I’m a bit late in the day stumbling across this report from last January. But never mind. I particularly like the fact that ac...

Sunday, 7 December 2014

Robert Skidelsky: arbitrary deficit reduction targets are a farce.

Robert Skidelsky made a good five minute speech recently in which he criticised the UK finance minister’s (Osborne’s) arbitrary defi...

Friday, 5 December 2014

Lenders should not be funded by depositors.

Or put another way, lending entities (e.g. banks, money market mutual funds, etc) should be funded just by capital, not by depositors...

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Ralph Musgrave

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