INFLATION

monetary phenomenology portal page on INFLATION inflation - What is it?gm pages, postsupdated articles 6-2022 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 what is … Continue reading INFLATION

De facto MMT disequilibrating DSGE ?

Turns out Peter Bofinger is not the only  German economist who can  see MMT across the sea.  There is at least one other.  Maybe more to follow? "Say it quietly, but Germany has learnt the lessons of Keynes," argues Thorvaldur Gylfason. Mind you, he is talking fiscal largesse, not ECB money.  In the "we are … Continue reading De facto MMT disequilibrating DSGE ?

MMT Modern Monetary Theory

MMT portal page - updated library of articles, books, videos, posts and pages on 1/2021 De-facto MMT disequilibrating DSGE ?9/202o German Economist Sees MMT MMT Across the Sea9/2019 Apropos of MMT2/2019 MMT and Millennial SocialismUS/UK  Monetary/FiscalEURO Monetary/Fiscal MMT/monetary fiscal articles   (updated 4/2022)   scroll or use ctrl+f  to search for topics or names mauricehoefgen.substack.com 3-2022 Das … Continue reading MMT Modern Monetary Theory

German Economist sees MMT across the sea

update (25/1/2021) - sroll down for original post - Peter Bofinger  "Corona - Krise  :  Stunde der MMT?" Plurale Ökonomik  : "Wie funktioniert unser Geldsystem, was macht eine Zentralbank und welche Ursachen haben Finanzkrisen? Diesen und weiteren Fragen wird in der Ringvorlesung Finanzkrisen und Geldsysteme“ nachgegangen...." more on youtube       or watch below: Vortrag … Continue reading German Economist sees MMT across the sea

Toward the Next Paradigm …

This Sunday November 17th 3pm :  GaiaMoney  is hosting a meeting of the "Toward the Next Paradigm..." project group in East Oxford. All welcome. Free drinks and nibbles. Please RSVP There are two topics on the agenda: (1)  Does Paul Krugman's  recently re-publicised   self critique  on globalization miss the point? (2)  How many, if any, theses should launch … Continue reading Toward the Next Paradigm …

German Resistance

Let it not be said that there is no German resistance to Black Zero Worship. Papers like DIE ZEIT have cast doubt on the wisdom of the Schwarze Null  as far back as September : "If the SPD and Union agree on one issue, then this one: The black zero must stand. The ... Chancellor and her … Continue reading German Resistance

Heiner Flassbeck – Gescheiterte Globalisierung – caw 2019

Jenseits der Synthesen des Mainstreams  Anmerkungen zu  Heiner Flassbeck's "Gescheiterte Globalisierung" (Rezensionen hier) One Man Island? Wenn man als einigermassen Angloliterturkundiger Hobby-Oekonom den Flassbeck Buchdeckel liest spürt man einen vorfreudigen Hoffnungsschimmer.  Endlich mal ein deutscher Oekonom der die heutzutage sogar schon von Billionären kritisierte Verteilunsungerechtigkeiten mit  Nicht-Mainstream Beiträgen mischt und dem deutschen Leser nahebringt? Denn bei … Continue reading Heiner Flassbeck – Gescheiterte Globalisierung – caw 2019

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

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

QE5: QE farce wants to be Mousetrap

The “hell-has-no-fury like a creditor financially-repressed” farce continues, apparently intent on outdoing the London Mousetrap  with this stubborn repeat of the ancient tragedy of debtors versus creditors ? Or as bloomberg puts it "Anti-Draghi Revolt at ECB Still Won't Die." The FT tells us that the bank’s “…monetary policy committee … advised against resuming its bond purchases. … (and … Continue reading QE5: QE farce wants to be Mousetrap