monetary phenomenology portal page on INFLATION - updates here inflation - What is it? gm pages, posts updated articles 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 … Continue reading INFLATION
Tag: Paul Krugmann
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 - fiscal, macro. monetary - updates below - see also 1/2021 De-facto MMT disequilibrating DSGE ? 9/202o German Economist Seess MMT Across the Sea 9/2019 Apropos of MMT 2/2019 MMT and Millennial Socialism US/UK Monetary/Fiscal EURO Monetary/Fiscal MMT - updates - 11-2023 wirtschaftsdienst.eu,pdf - gg/pdf 1-2023 Verglüht der Stern der Modern Monetary … 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 – german hetero econ
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 – german hetero econ
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