Search Results for: inflation

Minsky Meets Brazil Part II

By Felipe Rezende This series will discuss at length the underlying forces behind Brazil’s current crisis. Building on Keynes’ investment theory of the cycle, Minsky’s work suggests that the structure the economy becomes more fragile over a period of tranquility … Continue reading

Is the euro a foreign currency for peripheral Eurozone (EZ) countries? – Part 2

By Ignacio Ramirez Cisneros Some considerations on the IMF’s Independent Evaluation Office (IEO) latest assessment on the handling of the euro crisis. Part II If decisive large scale interventions on the part of the Eurosystem would have been enough to quell … Continue reading

Thomas Friedman: This Time is Different: Deregulation Makes Banking Safe

(3d column in my series on Friedman advising Hillary to Move Hard Right) William K. Black August 8, 2016     Bloomington, MN In this column I focus on Thomas Friedman’s plea that Hillary Clinton embrace deregulation, desupervision, and de facto decriminalization … Continue reading

Another Dimension

By Thornton “Tip” Parker As NEP readers know, the economy consists of  private, government, and foreign sectors.  Financial flows among the sectors always add up to zero; that is, one sector’s deficits must be offset by surpluses in either or … Continue reading

A Travesty of Financial History – which bank lobbyists will applaud

Review of William Goetzmann, Money Changes Everything: How Finance Made Civilization Possible (Princeton University Press, 2016) By Michael Hudson Debt mounts up faster than the means to pay. Yet there is widespread lack of awareness regarding what this debt dynamic … Continue reading

A Perfect Example

By J.D. Alt Recent news reports lament the on-going collapse of America’s coal industry―specifically the spectacular loss of jobs which is devastating not only families but entire local economies and communities. On a PBS news report, a woman who’d worked … Continue reading

Democratic Party Platform 7/1/16 Draft Would Lock In Catastrophic Climate Change

Michael Hoexter, Ph.D. The Brexit vote is being taken by some commentators as a sign that the basic competence of leadership groups throughout Western countries is in question.  Unfortunately not enough media attention has been paid, public concern raised, and … Continue reading

Money and Banking Part 17: History of Monetary Systems

By Eric Tymoigne This is the last post of this series. Many more topics need to be covered to make a full Money and Banking course, but the series should help those of us who are dissatisfied with the current … Continue reading

Money and Banking Part 16: FAQs about Monetary Systems

By Eric Tymoigne The following answers a few question in order to illustrate Post 15 and to develop certain points. Q1: Can a commodity be a monetary instrument? Or, does money grow on trees? Let us tackle the idea that … Continue reading

Money and Banking Part 15: Monetary Systems

By Eric Tymoigne Throughout this series, posts have used balance sheets extensively to get an understanding of the monetary operations of developed economies, but nothing has been said about what a monetary instrument is. It is time to spend some … Continue reading