Tags: money and banking

Gold and Economic Inequality

June 25th, 2015
in Op Ed

Inequality is a top news items for 2015 driven largely by the Baltimore riots, the minimum wage debate, Thomas Piketty's book Capital in the Twenty-First Century, and now the entry of socialist Bernie Sanders into the race for US president. more »

Stark vs Horn: Exchange of Ideas on Money in Germany

February 18th, 2015
in Op Ed

Yesterday, both Jürgen Stark of Deutsche Bundesbank and Gustav Horn, who is connected to the unions, voiced their opinion on the euro zone crisis - Stark in the FT (paywall), Horn in Die Zeit (in German). more »

Help! Please Recommend Macro Text Book

December 11th, 2014
in Op Ed

I am currently looking for a textbook in macroeconomics to use. I would strongly prefer a textbook which is not wrong on how money and credit work, and since Carlin and Soskice were supposed to create a new, progressive textbook I am scanning through their textbook online at a more »

Paul Krugman and Monetary Theory

November 15th, 2014
in Op Ed

Paul Krugman has voiced his view on monetary theory again in today's column in the NY Times: Some background: More than seven years have passed since the housing bubble burst, and ever since, America has been awash in savings - or more accurately, desired savings - with nowhere to more »

About the Banking System — and Why You Should Care

November 14th, 2014
in Op Ed

This is because for most people, the way they think the system works, it’s not the way the system actually works. So the classic example is QE, or quantitative easing, where the central bank is buying Treasury securities for example, and are replacing them with a deposit. more »

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