Macroeconomics in Germany: The forgotten lesson of Hjalmar Schacht

September 6th, 2017
in history, macroeconomics, currency / money


-- this post authored by Biagio Bossone and Stefano Labini

Despite facing many of the same challenges, Germany’s current macroeconomic policy is substantially different to those of other countries, in part due to the economy legacy of Walter Eucken. This column considers the economic policy of Hjalmar Schacht, whose ‘MEFO-bills’ monetary solution ended the years of economic struggle caused by the Treaty of Versailles’ reparations commitments. By tying the bills to output, Schacht was able to stimulate output, and eliminate unemployment. This historical implication has clear modern-day implications, with parallels to ‘helicopter money’ policy and Italy’s recent ‘fiscal money’ proposal.

Full story »

Growing Gambling Facilities in the Northeast US: Is There a Market for Them All?

September 5th, 2017
in uncategorized

by Elliott Morss, Morss Global Finance


Politicians in Massachusetts, New York and Rhode Island have put aside moral and/or addiction concerns over gambling. Instead, they recently asked why all the gambling dollars from their citizens go to the casinos (and governments) in Connecticut and New Jersey. They responded by approving for new gaming facilities in all three states. Below, data on these actions is presented with commentary.

Full story »

How Do Changes in Interest Rates Affect the Level of Economic Activity?

September 1st, 2017
in history, macroeconomics

by Philip Pilkington

Roy Harrod has some rather interesting opinions on the effectiveness of interest rates. As readers of this blog know I am rather skeptical of using interest rates to steer the economy. Basically this is because I think that using them on their own will only result in ever-diminishing returns. Steve Randy Waldman discussed this with reference to the work of Michal Kalecki here, but similar arguments can be found in Joan Robinson’s Introduction to the Theory of Employment from 1937.

Full story »

Money and Banking - Part 19 (B): Financial institutions: An overview

September 1st, 2017
in Business, Money and Banking

Regulated Portfolio Management Companies: Mutual Funds and Others

Portfolio management companies provide a wide variety of placement opportunities to economic units with spare funds who do not want to, or cannot, directly buy securities or other assets. There are three broad types of portfolio management companies: mutual funds, closed-end funds, and unit investment trusts (UITs). One of the main differences between them is the characteristics of the shares they issue in terms of marketability and redeemability.


Full story »

All Things Bullish

August 30th, 2017
in Business, Money and Banking

by John Mauldin, Thoughts from the Frontline

“Bull markets are born on pessimism, grow on skepticism, mature on optimism, and die on euphoria.”– Sir John Templeton

Full story »

<< Previous Page 1 ... 4 5 6 7 8 9 10 11 12 13 14 ... 313 Next Page >>

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.



Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved