Thursday, 1 December 2016

You, dear reader, are a zombie controlled by banks.

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Suppose the head of drug corporation which had had to pay billion dollar fines for criminal activity was appointed minister for health in y...
Friday, 25 November 2016

Steve Keen’s odd ideas on debt.

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Introduction.    This article replaces an earlier article I did on Keen’s ideas. That article was defective in various ways. Hopefully th...
Thursday, 24 November 2016

The Vickers commission’s big mistake.

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The UK’s main official enquiry into the 2007/8 bank crisis was the Independent Commission on Banking: sometimes called the “Vickers commis...
Wednesday, 23 November 2016

Ed Balls’s ideas on central banks are no match for Positive Money / Richard Werner ideas.

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Ed Balls is a former economic secretary to the Treasury in the UK. He recently co-authored a paper entitled “Central bank independence rev...
Tuesday, 22 November 2016

Random charts VI

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I like charts. A picture is worth a thousand words, and charts are a sort of picture. But of course charts can mislead, just as the written ...
Monday, 21 November 2016

The NIESR trotts out some old canards on government borrowing.

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The National Institute of Economic and Social Research has just published an article by Prof Roger Farmer entitled “Three Facts About Debt...
Sunday, 20 November 2016

Does it matter if QE increases inequality?

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This post is a re-write of a post with a very similar title published two or three weeks ago (on 3rd November 2016). Reason for this duplic...