Search Results for: inflation

It’s Long Past Time for Krugman to Name and Shame NYT’s Eurozone Reportage

Posted on July 7, 2014 by | 7 comments

By William K. Black Monday, July 7, 2014 provided another example of Paul Krugman explaining why austerity was an insane response to the Great Recession and the New York Times authoring another of its endless articles that assumes that austerity … Continue reading →

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“Debt-Free Money” and “ZIRP Forever”

Posted on July 3, 2014 by | 31 comments

By Scott Fullwiler I wrote a while back about how neoclassical economists don’t realize their view that interest on reserves (IOR) stops “printing money” from being inflationary also means that it’s impossible to create inflation by “printing money.”  See here. … Continue reading →

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Matteo Renzi Puts the Lie to “There is not alternative” (TINA) to Austerity

Posted on July 3, 2014 by | Comments Off on Matteo Renzi Puts the Lie to “There is not alternative” (TINA) to Austerity

By William K. Black In a recent column I responded to a conservative scholar’s (Victor David Hanson) claim that U.S. “employment rates for college graduates are dismal” by showing that the employment rate for college graduates seeking employment was 96.8% … Continue reading →

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DEBT-FREE MONEY: A NON-SEQUITUR IN SEARCH OF A POLICY

Posted on July 1, 2014 by | 68 comments

By L. Randall Wray While we are on the topic of monetary cranks, I thought it might be useful to quickly address a cranky idea that often comes up in comments to my blogs and also during Q&A after presentations: … Continue reading →

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Democratizing Government Spending in an Era of Climate Change: Decision Criteria and Spending Priority Lists – Pt. 2

Posted on June 26, 2014 by | 3 comments

By Michael Hoexter General Goals and Decision Criteria for Government Fiscal Policy In the era of climate change, a worldwide social and economic disaster, the valuation of real resources, especially atmospheric resources and energy resources must change in order for … Continue reading →

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Keeping It Real: Law, Coercion, & The Frontiers of Public Finance

Posted on June 25, 2014 by | 24 comments

By Raúl Carrillo “Where does money come from?” That’s our question. That’s the trump card Deficit Owls play to explain why the case for austerity is shallow and sadomasochistic, now and forever. When one spreads the true answer—that the Federal Reserve … Continue reading →

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MODERN MONEY THEORY: THE BASICS

Posted on June 24, 2014 by | 36 comments

By L. Randall Wray *I’ll return to my series on the role of taxes in MMT later this week. Meanwhile, here’s a short post on MMT. Modern Money Theory (MMT) seems to confuse two groups of otherwise sympathetic economists. First … Continue reading →

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Gary Becker’s Failure to Understand the Current Crisis

Posted on June 20, 2014 by | 6 comments

By William K. Black This is the fifth and final installment of my series of articles on Gary Becker, the recipient of the Swedish Central Bank’s Prize in Economics in 1992.  The prior articles dealt with Becker’s work that the … Continue reading →

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The Criminology of the “Sure Thing” Portrayed as “Risk”

Posted on June 9, 2014 by | 4 comments

By William K. Black John Coates, a former derivatives trader at Goldman Sachs is now a researcher. He wrote a column in the New York Times entitled “The Biology of Risk” that I hope will be widely read. In this … Continue reading →

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Required: A Complete Pivot on Climate and Energy

Posted on June 9, 2014 by | 5 comments

By Michael Hoexter With the release of Obama’s much heralded EPA regulations on coal fired power plants we are encountering once again the ongoing tragedy of low expectations with regard to climate action.  While compared to other Presidents, and there … Continue reading →

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