Tags: money and banking

Greece Illustrates 150 Years of Socialist Failure in Europe

July 5th, 2015
in Op Ed

Greece cannot pay its debts ... ever. Nor can several other members of the European Union. That's why Europe's elite are loath to place Greece in default. If Greece is allowed to abrogate its debts, why should any of the other debtor members of the EU pay up? The financial consequences of massive default by most of the EU more »

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 »

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