Energy Tycoon Wipes out Ortho Dogma – Cost of Living, Levelling Up and the Windfall Tax

unemployment down, vacancies up, wages down, inflation up, universal credit down, national insurance up - Cost of Living Hits Hard. Hard Enough to Find Money in a Windfall Tax?

Inflation? Inflation!

inflation always monetary? - mainstream and hetero theories of inflation, how to measure inflation - decompose observed inflation into its monetary, demand-pull, cost-push and structural components - Inflation is a monetary and redistributional phenomenon

INFLATION

monetary phenomenology portal page on INFLATION inflation - What is it? gm pages, posts updated articles 8-2022 Inflation – what is it ? Milton Friedman told us: “Inflation is always and everywhere a monetary phenomenon”. But is it? QE-forever seems to suggest this can’t be right. Freedman’s inflation has been in trouble.  But has it? So … Continue reading INFLATION

GameStop doesn’t stop the game

Collective insanity, insurgent revolt or just  playing games? Who cares if we can all have a laugh at Mr Moneybags drop his shorts  and reveal the entitled shrivel underneath. As Kenan Malik  writes in The Guardian  "Having been outgamed by a bunch of nerds, the titans of Wall Street did what all entitled people do. They … Continue reading GameStop doesn’t stop the game

Funeral of a Classic Curve?

Has the Phillips Curve  finally been buried? Whilst the FT reports on the Fed's new strategy as just another incremental codification of its extremely dovish policy,  Reuters reads it as a final straw flattening the curve out of existence: "One of the fundamental theories of modern economics may have finally been put to rest."    … Continue reading Funeral of a Classic Curve?

“Stupid German Money”

Dummes Deutsches Geld As wkipedia tells us "Stupid German Money ... ist ein ursprünglich von der US-amerikanischen Filmwirtschaft geprägter Begriff für Gelder aus geschlossenen Medienfonds des deutschlandspezifischen grauen Kapitalmarkts. Diese Fonds wurden wegen hoher Abschreibungsmöglichkeiten als Steuersparmodell genutzt. Die Gelder flossen größtenteils in amerikanische Filmproduktionen." Since then it's been used derogatively and polemically to refer to … Continue reading “Stupid German Money”

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

D Orrell The Money Bomb

David Orrell  Quantum Economics (excerpt) -  Ch5  The Money Bomb  ... Fairy dustAs described theoretically in textbooks such as Mankiw’s , fractional reserve banking apportions most of the job of creating money from the sovereign to the private banking system , but the central bank is still firmly in control . However , Soddy’s warnings … Continue reading D Orrell The Money Bomb

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", devote a  special report to "The End of Inflation?" and concludes that inflation is … Continue reading Head scratching inflation