Economics – about and around mainstream DSGE orthodox macro

All around ortho macro – de facto, debate, diverse (self)critiques, defense, delusion, denial + disagreement - updated 9-2020 see also  > history of economics, economics as social science > Economy, Economics, DSGE, mainstream, orthodox, macro, equilibrium, Neoliberalism, Politics, Rethinking Political Economy >ortho econ blogs marginalrevolution.com/ - themoneyillusion.com >reform capitalism, neoliberalism, markets ft.com/ 18-9-2022 The market is not an … Continue reading Economics – about and around mainstream DSGE orthodox macro

One or two of the 85%?

Allegedly 85% of politicians are not familiar with how banks create money ... For the general population it's 80%.  Any questions? Like, what does it mean for a government to have "... no money left!" as Michael Gove puts it, quoting the last outgoing Labour chancellor?  When Andrew Gwynne objects: "But that was a joke..." does that … Continue reading One or two of the 85%?