Why doesn’t monetary pumping help economic growth?
byDespite all the massive monetary pumping over the past six years and the lowering of interest rates to almost zero most commentators have expressed…
Keynesianism
The crisis of interventionism, the end of globalisation, and the looming tech trade war
by“I say to all those who bet against Greece and against Europe: You lost and Greece won. You lost and Europe won.” –Jean-Claude Juncker,…
Stagflation is, always and everywhere, a Keynesian phenomenon
byAlthough it might seem odd for a school of economics to largely ignore the role of money in the economy, this is indeed the…
Is Paul Krugman Leaving Princeton In Quiet Disgrace?
byProfessor Paul Krugman is leaving Princeton. Is he leaving in disgrace? Not long, as these things go, before his departure was announced Krugman thoroughly was…
ECB embraces QE faulty logic
byEditor’s note: this article, under the title “No end to central bank meddling as ECB embraces ‘quantitative easing’, faulty logic” appears on Detlev Schlichter’s…
It’s time to end the cruel delusion of cheap money and reckless spending
bySteve Baker has written an article for today’s City A.M. calling for an end to the ‘cruel delusion of cheap money and reckless spending‘:…
The wrong kind of consumption
bySince our last attempt at a textual analysis of where the economic pain threshold lies for China’s rulers, the intervening period has been punctuated…
Time and Money
byContinued from Et in Arcadia ego Here we come full circle, for what this essentially presumes is that there exist no means by which to…
Scylla & Charybdis
byContinued from The Divinity School debate. The devotees of monetarism start from the observation that what they call ‘money’ tends to move in a…
The Divinity School debate
by“…the stoppage of issue in specie at the Bank [in 1797] made no real addition to the financial powers of the country. On the…