Wednesday, 21 April 2021

George Selgin tries to argue that fractional reserve banking is not fraudulent.

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  That’s in his work entitled “Should we let Banks Create Money?” published by the Independent Review. The basic reason for claiming the ex...
2 comments:
Thursday, 15 April 2021

Warning: social media platforms may be hacking your computer.

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    Reason for the above title is that one popular platform has deleted part of an image on my PC which suggested there are similarities bet...
Monday, 12 April 2021

The Chinese wrestled 2,500 years ago with all the monetary and bank problems we worry about today.

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    The above excellent book by Felix Martin has a few pages on Chinese base money creation long ago. The questions we face today seem to ha...
1 comment:
Saturday, 10 April 2021

Stephanie Kelton’s flawed ideas on improving the unemployment / inflation trade off.

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  I’ve supported MMT for about ten years and thus agree with much of SK’s material. However her ideas in the second half of a recent New Yor...
Friday, 9 April 2021

Whoopeee: the IMF is back in schizophrenic mode..!!

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    For about the last ten years, the IMF, OECD and others have been utterly schizophrenic on the subject of government debts. Like every ec...
Wednesday, 7 April 2021

One Fed chairman and one vice Chairman support Positive Money.

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  To be more accurate, one former chairman and one former vice chairman support a particular aspect of the idea put by Ben Dyson (founder of...
Monday, 29 March 2021

Sir Humphrey Appleby loves Mariana Mazzucato.

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  Mariana Mazzucato is a big cheeze at the University College London Institute for Innovation and Public Purpose. The latter organisatio...