Oeconomia oder die ewig wachsende Schuld des Geldes

Genial surft Carmen Losmann die Lernkurve des Geldes Die 2009 Krise machte die Filmemacherin neugierig. Kuriosität im Rücken, macht sie sich auf die Reise. Da war Sie nicht die einzige. Auch ich gehöre zu einer seither massiv gewachsenen Kohorte neuerer Geldforscher. Neuere Geldforschung Losmann's Erkenntnistrip hat allerdings was besonderes. Statt akademische Experten oder Geldreformer zu … Continue reading Oeconomia oder die ewig wachsende Schuld des Geldes

BoE nudging mainstreamers toward re-discovery of credit channel ?

Looks as if just before the yachting season BoE economists have allowed themselves another peek beyond the pale of the classic Savings&Loans specs: ... "No existing studies that address the comovement puzzle account for the empirical movements in bank equity and credit spreads (see eg DiCecio (2009); Sterk (2010); Carlstrom and Fuerst (2009); Katayama and Kim (2013); Di Pace … Continue reading BoE nudging mainstreamers toward re-discovery of credit channel ?

Twilight of the Money Gods – Economics as a Religion and How it all Went Wrong By John Rapley

John Rapley's Twilight of the Money Gods is the story of economics, told not as the science it strove to be, but as the religion it became. "I am an international development practitioner from Bangladesh. Every day I see firsthand how nice elegant economic models, with their neat assumptions, often don’t survive their encounter with reality."

Wie die Welt QE-süchtig wurde. Ann Pettifor zur Illusion des marktkonformen Entzugs.

Das dysfunktionale globales Finanzsystem wurde abhänging vom Neugeld der QE Notfallinfusionen. Der Glaube an systemkonforme Entzugstherapie ist eine naive Illusion.

Digitales Zentral Bank Geld : Geld zwischen Schleier und Tabu (3)

TheEconomist zur Dominanz des Kreditgeldes, dessen Missachtung durch die orthodoxe Ökonomie und die Schwierigkeiten einer Wirtschafts-Wissenschaft ohne Mensch und Geld

Digital Money News – updates and articles on CBDCs, monetary politics and state digital currencies

Wozu ein digitaler Euro, Dollar oder Yuan? fragt Die Zeit - Monetary-fiscal interactions on the way out of the crisis by Fabio Panetta

What happens when The Economist tries to escape from the Equilibrium Academy

DSGE Departures In one of its daring trips beyond the walls of orthodoxy The Economist is indulging in a historic turn, reflecting that "Strangely, most economic models do not treat the economy as an evolving thing, undergoing constant change. They instead describe it in terms of its equilibrium: a stable state in which prices balance … Continue reading What happens when The Economist tries to escape from the Equilibrium Academy

Digitales Zentral Bank Geld : Geld zwischen Schleier und Tabu (2)

Wie das kommende Digitale Zentralbankgeld (CBDC) die Banken und das Märchen vom Sparen bedroht; warum Banken kein Geld verleihen, es aber auch nicht Ex Nihilo schöpfen; und warum die orthodoxe Wirtschaftswissenschaft Geldschöpfung tabuisiert und Kreditgeld ignoriert.

CBDC Govcoins – Has The Economist unveiled the endogenous engine of capitalism?

Not quite. More like 101=404. Classical effort = Error not found. Missing as ever : The Money. “Economic action cannot, at least in capitalist society, be explained without taking account of money, and practically all economic propositions are relative to the modus operandi of a given monetary system,” Joseph Schumpeter 1939 The Economist special report 2021 The … Continue reading CBDC Govcoins – Has The Economist unveiled the endogenous engine of capitalism?

Economics – about and around mainstream DSGE orthodox macro

ll around ortho macro – de facto, debate, diverse (self)critiques, defense, delusion, denial + disagreement - updated 4-2020 see also  > history of economics, economics as social science > Economy, Economics, DSGE, mainstream, orthodox, macro, equilibrium, Neoliberalism, Politics, Rethinking Political Economy https://www.econlib.org/hendersons-criticisms-and-appreciations-of-john-kenneth-galbraith/ bostonreview.net 3-2022 Bad Economics - How microeconomic reasoning took over the very institutions of American governance … Continue reading Economics – about and around mainstream DSGE orthodox macro

J M Keynes

Not reading 'Das Kapital' also see > POST KEYNESIANS JM Keynesupdates wanderingdanny.com/oxford/2011/10/keynes-on-marx-and-das-kapital/ cf  Keynes to Shaw about Marx, J Robinson : Keynes ignorant about Marx nb  Victoria Chick : Keynes was about overcoming "neutrality" of money. In letter to B Shaw Keynes refers to economics as production of money... nb  Victoria Chick : Keynes was … Continue reading J M Keynes

Stiglitz wants GDP retired

"It's time to retire metrics like GDP." writes Joseph Stiglitz in The Guardian. "The way we assess economic performance and social progress is fundamentally wrong, and the climate crisis has brought these concerns to the fore." Indeed. Always nice to hear the reforming voices. Apparently another revised book of alternative measurements has just been published. … Continue reading Stiglitz wants GDP retired

Head Scratching Inflation

"Inflation ... has left many observers scratching their heads as to why the current level ...  does not match the current state of the real economy ..."  said ex ECB board member Sabine Lautenschläger in a recent speech.   The Economist discerns "strange new rules", devotes a  special report to "The End of Inflation?" and concludes that inflation is … Continue reading Head Scratching Inflation

The Queen, Seventeen, Halloween…

Ten years after the 2008 crisis I came across an old Guardian article : Queen finally finds out why no one saw the financial crisis coming Her Majesty gets the answer to her question – four years after she asked it – on a tour of the Bank of England One doesn't normally keep the … Continue reading The Queen, Seventeen, Halloween…