Saturday, 7 November 2015

Government insures the creditors of banks but not the creditors of other corporations: unjustified discrimination.

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Summary.   If you lend money to a corporation which itself specialises in lending money, i.e. if you make a deposit at a bank, most gover...
1 comment:
Thursday, 5 November 2015

Is monetary policy all nonsense?

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Positive Money, the New Economics Foundation and Richard Werner in their submission to Vickers argued that interest rate adjustments wer...
Tuesday, 3 November 2015

Positive Money versus Dr Mike King.

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Mike King makes ten criticisms of PM here. I’ve copied them below and after each one have put my answer (in green). I agree with some of Ki...
7 comments:
Monday, 2 November 2015

Krugman says raise inflation.

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I normally agree with Krugman, but not with this article. He’s joined the chorus of voices pushing for a higher inflation target, the idea ...
Sunday, 1 November 2015

Does combining deposit taking and lending involve synergies?

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Two of the main activities performed by banks are deposit taking and lending. Arguably those two activities are irreconcilable. As Adam Lev...
Saturday, 31 October 2015

Sectoral balances don’t explain anything – what of it?

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In response to David Graeber’s recent article on sectoral balances, Ann Pettifor seems to be worried that people will take sectoral balan...
Friday, 30 October 2015

No such thing as the natural rate of interest?

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According to Steve Keen there is no such thing as the natural rate of interest. As he puts it “it is a fantasy: there is no such thing.” ...
1 comment: