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Search Results for: inflation
The Faux Hyper-Meritocracy that Threatens to Destroy Us
By William K. Black I have written two prior columns about Tyler Cowen’s praise of the faux “hyper-meritocracy.” Cowen assumes that productivity determines personal wealth and is measured by wealth. He celebrates financial managers as the exemplars of this hyper-meritocracy. … Continue reading
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Money is not true wealth (Part IV: The United States)
By Glenn Stehle [Part 1] [Part 2] [Part 3] [Part 4] Even a small-time gang of hoodlums has its own melodramatic ideology and pathological romanticism. Human nature demands that vile matters be haloed by an over-compensatory mystique in order to … Continue reading
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Bank Failures are “Inconceivable” under the Latest Neoclassical Fantasy
By William K. Black (Cross posted at Benzinga.com) Only theoclassical economics constantly recycles variants of its worst ideas that have proven disastrous when they have influenced policy. Other fields advance because they embrace the scientific method. Theoclassical economists repeat their … Continue reading
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Why Understanding Fiat Currency Matters For Scientists: We Are Being Pitted Against Public Health
Cross posted from MikeTheMadBiologist.com Because we’re being played off against food stamps by Republican congressmen: We’re only asking for a 5 percent decrease [in SNAP] in a time of budgetary crisis, where this is being put up against funding the NIH for … Continue reading
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Was money created to overcome barter?
By Reynold F. Nesiba Professor of Economics Augustana College – Sioux Falls, South Dakota This past May, marked the one hundredth anniversary of A. Mitchell Innes’s (1913) publication of a paper titled, “What is Money?” in The Banking Law Journal. In … Continue reading
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The Wall Street Journal Pines for the Return of Liar’s Loans
By William K. Black (Cross posted at Benzinga.com) The Wall Street Journal’s editorial staff (WSJ) criticizes the Dodd-Frank Act and the leadership of the financial regulatory agencies. I share many of those criticisms, but I parted company when the WSJ … Continue reading
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UN Conference on Trade and Development: Report 2013
By Dan Kervick The UN Conference on Trade and Development released its 2013 report on September 12, and it is both an invigorating read and a welcome break from the stagnant and conservative thinking that dominates most US economic discussion. … Continue reading
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Posted in Dan Kervick
Do the Democrats Really Want to Bear the Blame for a Crash that Wall Street Will Cause?
By Joe Firestone This post by Lynn Parramore makes the point that the next crash is coming and probably will be blamed on the Democrats. It’s a great point, but it needs to be pursued further. What if we have … Continue reading
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QE’s Fanboys and Fearmongers Fan Economic Perversity
By Dan Kervick The government released a disappointing August jobs report today. And unfortunately, the hype and misinformation surrounding the Fed’s quantitative easing program has created a perverse situation in the capital markets which may contribute to sustaining that job … Continue reading
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Posted in Dan Kervick
Why Oh Why Can’t We Have Better Press Corps Stooges?
By Dan Kervick I really didn’t see the need to blog yesterday about this silly piece from Zach Goldfarb at the Washington Post’s Wonkblog. The whole bit reads like campaign boilerplate written in some White House office handling the Summers … Continue reading
