Thursday, 26 March 2015

The Canadian “Committee for Monetary and Economic Reform” lawsuit.

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CMER is taking legal action with a view to forcing Canada’s central bank, the Bank of Canada, to revert to one of its founding principles...
2 comments:

If bank capital is expensive, how come bond mutual funds survive?

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Bank regulators and politicians are suckers: they fall for every sob story spun to them by banks. In the case of politicians, an additional...
Monday, 23 March 2015

Sectoral balances make a mockery of debt-phobes.

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The world economy can be split into any number of sectors you like. You can split it into different countries, or into households occupied ...
Saturday, 21 March 2015

Green QE.

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With the recession now largely over, discussing stimulatory measures is no longer of any IMMEDIATE practical significance. However, many of...
Friday, 20 March 2015

Revelation: central banks can print money.

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Positive Money has just produced this paper entitled "Would a Sovereign Money System be Flexible Enough". The paper deals with f...
2 comments:
Thursday, 19 March 2015

Drivel from the Financial Times on Grexit.

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Today’s leading editorial in the FT argues against Grexit. The first sentence says that the word “Grexit” is “ugly”. Gosh – so the FT’s p...
Wednesday, 18 March 2015

Keynes though the quantity of money didn’t matter.

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He said “Some people seem to infer from this that output and income can be raised by increasing the quantity of money. But this is like try...