Is there a natural rate of interest? If not, do central banks have any idea of what they are doing or simply winging it? Michael Roberts is an Economist in the City of London and […]
Quantitative easing risks generating its own boom-and-bust cycles, and can thus be seen as an example of state-created financial instability. Governments must now abandon the fiction that central banks create money independently from government, and […]
Corruption like in the FIFA and wtih Georgiva, like Volkswagen Diesel Cheating Devices are fine in the EU. It is part of the institutional structure. One just should not do the same in the United […]
Fifty years ago, a US president closed the gold window, ended capital controls, and launched a new era of globalized finance. The “Nixon Shock” reshaped the international monetary system overnight, and then gradually changed the […]
On September 17, 2011, activists gathered at Zuccotti Park in lower Manhattan for the first day of the Occupy Wall Street Movement Margot Paez is a PhD candidate at Georgia Tech. She does research on […]
A failed economy is one that cannot expand, usually as a result of becoming burdened by rising rentier overhead in the form of land rent, natural-resource rent and monopoly rent as the financial sector replaces […]
Going Down the Rabbit Hole at Jackson Hole Servaas Storm is Senior Lecturer of Economics, Delft University of Technology Cross-posted from the website of the Institute for New Economic Thinking In the waning days of […]
Well, what a surprise. Let us see if there will be any fines. Read here
A good insight into the thinking of a central bank Read here
Part 2 of this series (Watch Part 1 here)
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