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Search Results for: inflation
The Ogre & the Cog
By J.D. ALT Classically, we imagine money being aggregated by an entrepreneur who uses it to build a factory, purchase raw materials, hire labor, and begin manufacturing widgets which are then sold in the marketplace. This same result could be … Continue reading
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Krugman Triples Down on His Smear of Friedman and Bernie
William K. Black February 21, 2016 Bloomington, MN Paul Krugman is plumbing new depths of moral obtuseness, arrogance, and intellectual dishonesty in what is now his third smear of the well-respected economist Gerald Friedman in two days. My prior column … Continue reading
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Money and Banking – Part 6: Treasury and Central Bank Interactions
Treasury and Central Bank Interactions This post concludes our study of central banking matters (there would be a lot more to cover…maybe another time). The post studies how the Fed is involved in fiscal operations and how the U.S. Treasury … Continue reading
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Pro-Marriage Propaganda: AEI and Brookings’ Plan to Fight Poverty
William K. Black February 8, 2016 Bloomington, MN This is second article in my series on the AEI and Brookings report on how to fight poverty. In my first article I dealt with their plan to oppose any material increase … Continue reading
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Posted in William K. Black
Chinese Communists and Wacko U.S. Right Want to Save us from Effete Males
William K. Black February 7, 2016 Bloomington, MN The New York Times has produced a wonderful, unintended, juxtaposition in their pages on February 6, 2016. Two articles report on think tanks calling for the government to engage in right-wing propaganda … Continue reading
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Posted in William K. Black
Money and Banking – Part 5: FAQs about central banking
By Eric Tymoigne Previous posts studied the balance sheet of the Fed, definitions and their relation to the balance sheet of the fed, and monetary-policy implementation. This post answers some FAQs about monetary policy and central banking. Each of them … Continue reading
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How long did it take for the WSJ to Lie about Liar’s Loans? Two Sentences
William K. Black February 3, 2016 Bloomington, MN This is the third column in my series about the Wall Street Journal report that “big money managers” want to bring back “liar’s loans.” Here are the article’s first two sentences. Wall … Continue reading
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Explaining Why Federal Deficits Are Needed
By Thornton (Tip) Parker Most MMT advocates probably took months to get comfortable with it. But like a personal computer, one need not understand its innards to use its power. The great power of MMT is its lesson that the … Continue reading
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For US Democracy: There Is Only One Choice
We need big, big changes in the United States. Many of them will require the Federal Government to spend unprecedented amounts, including deficit spending to enable us to solve problems that have languished, creating needs, for many, many years. How … Continue reading
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Money and Banking Blog – Part 4: Monetary Policy Implementation
By Eric Tymoigne For convenience, I have put the balance sheet of the Fed below. Post 2 examined the balance sheet and Post 3 provided important information about the meaning of reserves and other basic concepts and their relation to … Continue reading
