David Orrell’s Quantum Money Magic – a must-read for would-be economists

book review- David Orrell's impressive, intelligent and imaginative bomb of a book is a highly recommended read for all connoisseurs of curiosity and hope and an absolute must-read for would-be economists. - Before you invest years of your time and 1000s of your dollars to practice 101 Mankiw, take time to read this book. Don't pay big bucks before you've read this quantum leap of a mind-bender destroying incumbent thought like there is a tomorrow. It'll reach parts of your quantum brain you could never code into clockwork DSGE. Read this book to reconsider the relevant marginal utilites. Especially if you are a bit of a quant, a bit nerdy or a bit curious.

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?

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