Tuesday, 14 March 2017

Stupid Wall Street Journal article by Tim Congden and Steve Hanke.

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The article makes the assumption, which I've seen a hundred times before, that the deflationary effects of reduced lending resulting ...
Thursday, 9 March 2017

A bit more NAIRU basher bashing.

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One of the poor criticisms made of NAIRU is that it cannot be estimated accurately, thus it is allegedly of little practical use. Well th...
2 comments:
Wednesday, 8 March 2017

Should the Bank of England control fiscal stimulus?

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Simon Wren-Lewis says yes – see the 3rd para of his article entitled “Budget Day Nonsense”. However he only seems to advocate that for whe...
Monday, 6 March 2017

The latest bit of fashionable economics jargon: “R-Star”.

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This tweet asks a pertinent question. Anyone know what 'permanent equilibrium level' of r* even means - let alone the correct...
2 comments:
Sunday, 5 March 2017

A switch to full reserve banking could be less disruptive than is commonly thought.

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Most advocates of full reserve (certainly Milton Friedman and Lawrence Kotlikoff) assume that switching to full reserve (FR) from the exist...
21 comments:
Tuesday, 28 February 2017

Adair Turner’s flawed objections to full reserve banking.

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Turner is former head of the UK’s Financial Services Authority and he recently published a book, “Between Debt and the Devil”. Geoff Tily (...
1 comment:
Monday, 27 February 2017

Two more NAIRU bashers try their luck with varying degrees of intellectual dishonesty.

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One is Lars Syll whose points I answered in the comments after the article. The second is Eric Lonergan . It’s now a bout 24 hours since...