The Endgame
byThere is a growing fear in financial and monetary circles that there is something deeply wrong with the global economy. Publicly, officials and practitioners…
Keynesianism
Surviving Mission Creep
by“So there is another reason why Europe isn’t growing and it’s one the central bank can do nothing about. Namely, the 19 governments of…
Wilhelm Röpke: The Economist Who Stood Up To Hitler
bySometimes there are men of principle who live their values and not merely speak or write about them. People who stand up to political…
The Follies and Fallacies of Keynesian Economics
byEighty years go, on February 4, 1936, one of the most influential books of the last one hundred years was published, British economist, John…
Out of the mouths of babes….
byParents will tell you the most difficult questions to answer sometimes come from their children. Here are some apparently innocent questions to ask of…
Review of Mirowskis Never Let a Serious Crisis go to Waste
byINTRODUCTION Philip Mirowski, known for his book More heat than light – economics as social physics, physics as nature’s economics in which…
Advice to the Prime Minister/President
byYour country faces a stagnating economy. Let us assume your Prime Minister (or President if that is who holds the executive power) seeks advice…
David Stockman: The Bubble Finance Cycle——What Our Keynesian School Marm Doesn’t Get. Parts 1 & 2
bySource: http://davidstockmanscontracorner.com/the-bubble-finance-cycle-what-our-keynesian-school-marm-doesnt-get/ Part 1 The world of Bubble Finance economies created by the Fed and other central banks is fundamentally different than that prevailing under the “Lite Touch” monetary…
Zero Hedge: Fed Admits Economy Can’t Function Without Bubbles
byIn short, the dot-com bust was the last chance for the Fed to pivot and liberate the American economy from the corrosive financialization it…
Zero Hedge: The Greek Bluff In All Its Glory: Presenting The Grexit “Falling Dominoes”
by[Source: http://www.zerohedge.com/news/2015-07-04/greek-bluff-all-its-glory-presenting-grexit-falling-dominoes] Earlier today, Yanis Varoufakis reiterated his core thesis driving the entire Greek approach from day 1 of its negotiations with the Eurogroup: “Europe…