Digitales Zentral Bank Geld : Geld zwischen Schleier und Tabu (3)

TheEconomist zur Dominanz des Kreditgeldes, dessen Missachtung durch die orthodoxe Ökonomie und die Schwierigkeiten einer Wirtschafts-Wissenschaft ohne Mensch und Geld

CBDC Govcoins – Has The Economist unveiled the endogenous engine of capitalism?

Not quite. More like 101=404. Classical effort = Error not found. Missing as ever : The Money. “Economic action cannot, at least in capitalist society, be explained without taking account of money, and practically all economic propositions are relative to the modus operandi of a given monetary system,” Joseph Schumpeter 1939 The Economist special report 2021 The … Continue reading CBDC Govcoins – Has The Economist unveiled the endogenous engine of capitalism?

“Digital Corrections – will crypto save capitalism, and the FED ?”

The FED has no way of re-balancing or raising rates without crashing the markets. The FED doesn't want to take the blame. Not again. Even though the markets are crying out for a correction.  There is no discipline. The level of incontinence is unprecedented. QE has got to stop. But how? One would like new … Continue reading “Digital Corrections – will crypto save capitalism, and the FED ?”

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 Sea 9/2019 Apropos of MMT 2/2019 MMT and Millennial Socialism US/UK  Monetary/Fiscal EURO Monetary/Fiscal MMT/monetary fiscal articles   (updated 9-2022)   scroll or use ctrl+f  to search for topics … 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

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

Where Does Money Come from ?

Bernard Lietaer used to start his presentations with this multiple choice: 1) governments 2) central banks 3) private banks He stopped maybe because his typical audience now points to (3). But beyond the marginalized fringe of money reformers we still live in a world where 80% of the UK population, and 84% (!) of MP's … Continue reading Where Does Money Come from ?