Search Results for: inflation

Mankiw’s Mythical Ten Commandments of Theoclassical Economics

Posted on May 17, 2016 by | 2 comments

By William K. Black May 16, 2016     Bloomington, MN This is the second column in a series on the N. Gregory Mankiw’s myths and dogmas that he spreads in his economic textbooks.  The first column exposed the two (contradictory) meta-myths that … Continue reading →

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A Global Marshall Plan for Joblessness?

Posted on May 12, 2016 by | 11 comments

By Pavlina Tcherneva (Crossposted from INet) Global unemployment is expected to surpass 200 million people for the first time on record by the end of 2017, according a recent ILO study, and limitations of official statistics suggest that the problem … Continue reading →

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Money and Banking Part 14: Financial Crises

Posted on May 11, 2016 by | 4 comments

By Eric Tymoigne While visiting the London School of Economics at the end of 2008, the Queen of England wondered “why did nobody notice it?” In doing so, she echoed a narrative that had been promoted among some prominent economists: … Continue reading →

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False Choice or Real Possibilities

Posted on May 2, 2016 by | 10 comments

By J.D. ALT The essential ploy in politics is to give people a false choice. For dinner tonight, you can have fried potatoes—which are what I am serving—or you can have watered-down potato gruel, which is what my opponent is … Continue reading →

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Money and Banking Part 13: Balance Sheet Interrelations and the Macroeconomy

Posted on April 23, 2016 by | 11 comments

By Eric Tymoigne Past posts have focused on the mechanics of a specific balance sheet, specifically that of the central bank and of private banks. This post looks at the balance-sheet interrelations between the three main macroeconomic sectors of an … Continue reading →

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CAN BERNIE DO IT? The View of a Non-Establishment Economist

Posted on April 17, 2016 by | 15 comments

By L. Randall Wray Bernie Sanders has an ambitious agenda. Too ambitious, insist his critics (including, especially, surrogates of Hillary Clinton). He would break up the big banks, reverse the redistribution of income and wealth to the top (that accelerated … Continue reading →

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Money and Banking Part 12: Economic Growth and the Financial System

Posted on April 14, 2016 by | 7 comments

By Eric Tymoigne Money is the blood of capitalist enterprise and finance is about money now for money later. As such a well-developed financial system is essential for economic activity in a capitalist economy. The broader the range of promissory … Continue reading →

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Is there a solution to Brazil’s crises?

Posted on April 5, 2016 by | 1 comment

By Felipe Rezende This is the first of a series of posts on the Brazilian crises. There are two major crises Brazil’s president Dilma Rousseff is facing: one is a political crisis and the other is Brazil’s sharpest recession in … Continue reading →

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Money and Banking-Part 10: Monetary Creation by Banks

Posted on March 27, 2016 by | Comments Off on Money and Banking-Part 10: Monetary Creation by Banks

By Eric Tymoigne The last three posts have explained how the operations of banks are constrained by profitability and regulatory concerns, and how banks operate to try to bypass these constraints. It is now time to go into the details … Continue reading →

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Democrats Need to Give Up Being Deficit Hawks Even When it Feels Good Politically

Posted on March 24, 2016 by | 23 comments

By William K. Black March 24, 2016     Bloomington, MN Representative Nancy Pelosi has just written the latest effort by a prominent Democrat to bash Republicans for the high crime of not being financially illiterate.  The Republicans are frequently financially illiterate on … Continue reading →

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