Monetary fiscal US UK Can Fed BoE BoC Brazil

maroonmacro 25-6-2022 Issue #53: The Origins and Evolution of the Modern Monetary System - Part 9: "Securitization" – Repo as a Driver of Securitization "Recall that there are a few fundamental innovations that have radically transformed our monetary and banking system in the post-WWII era: "Liability Management (a.k.a. “wholesale finance”) – the expansion of banking … Continue reading Monetary fiscal US UK Can Fed BoE BoC Brazil

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

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

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