Is a Liquidity Trap Possible? Beware of those who do not understand the Structure of Production.
byThe essential idea of a Liquidity Trap as expounded by J M Keynes in this “General Theory” is that there is a point in…
Capital
Animal Farm
bySept. 17 (Bloomberg) — Private investors in China, the world’s largest metals user, have stockpiled “substantial” quantities of copper as the government ramps up…
Lord Timon’s Purse
byIn Lord Timon’s Purse, Sean Corrigan explores the causes of the forty US banking failures of 2009 and sets out some of the basics…
Material Evidence
byIn the 1 September 2009 edition of Material Evidence, Sean Corrigan explains why the stock market is rising and why the appearance of prosperity…
Now it’s looking like V for victory over recession – Times Online
byResponding to an article in The Times, Steven Baker indicates the origins of our views on the economic situation and its causes, of our…
Bailing out the Banks – Glaring Evidence of Moral Hazard
byGordon Kerr, a banker with expertise in derivatives and foreign exchange, explores the evidence of moral hazard in the bank bail outs. By rescuing…
FT.com – “Beware of errors in output gap data”
byEntrepreneur and economist Toby Baxendale responds to warnings over errors in output gap data by explaining that there is no output gap, only lost…
FT.com / Martin Wolf – The cautious approach to fixing banks will not work
byVia FT.com / Columnists / Martin Wolf – The cautious approach to fixing banks will not work: With one bound the banks are free,…