Contrary To Much Speculation Money Markets – Interbank Markets – Are Important To Have
One of the sillier proposals made during the Crash - by, of course, the Senior Lecturer - was that we should do away with...
US Household Debt Simply Isn’t A Problem At These Levels
Yes, of course, we're in an election season. Therefore the assertions of politicians a re somewhat less reliable than usual. One of those unreliabilities...
We Don’t Actually Work Ever Longer Hours – Leisure Continues To Increase
We're so often told that we work ever longer hours and all that. Something that simply isn't true. Leisure has been increasing this past...
If Only Frances Ryan – Or The Guardian – Knew Anything About Economics
That some people have differing views than us capitalist pig dogs is fine, just fine. We are, after all, the liberals around here, freedom...
Deficits, National Debts Do Matter – Interest Rates And Debt Spirals
One of the wilder Modern Monetary Theory contentions is that national debts simply don;t matter. Just keep printing the money to pay the interest,...
Estonia’s Far Right – But Seriously, What’s Wrong With Nazi Economics?
Just for the avoidance of doubt, this is not about being a Nazi. Nor is it about having a rounded and complete view of...
Less Than 3% Global GDP Growth Is A Recession
Yes, yes, we normally think of a recession as being negative growth. More formally, two quarters or more of negative economic growth. The pile...
China Can’t Actually Dump Their Treasuries To Punish The US
We all know that the US owes $16 trillion and change to everyone else. Or at least their government does. We also know that...
How To Do Economics Wrong – Theory Without That Real World Checking
This could be seen as a valiant attempt, certainly, but it suffers from an awful problem. They tell us that increased globalisation should -...
The Value Of A Promise Depends On The Value We Place On The Person...
It's really amazing what science can tell us these days. We place more value on a promise made by someone whose promises we value....