Tag Archives: money

The Cashless Society

Posted on 2 May 2013 by admin

by John Mauldin, Thoughts from the Frontline But Mousie, thou art [not alone], In proving foresight may be vain: The best-laid schemes o’ mice an’ men Gang aft agley, An’ lea’e us nought but grief an’ pain, For promis’d joy! … Continue reading →

Posted in GDP, macroeconomics, money | Tagged consumer confidence, Economy, Federal Reserve, John Mauldin, monetary policy, money | Leave a comment

How Banks Go Bust

Posted on 14 April 2013 by admin

by Murray Rothbard, Mises.org [The Case Against the Fed, Chapter 8, “Problems for the Fractional-Reserve Banker: Insolvency.” (Slightly edited for publication as a separate article.)] The fractional-reserve banker, even if he violates his contract, cannot be treated as an embezzler … Continue reading →

Posted in Economics, money | Tagged banking, Economy, Federal Reserve, money, Murray Rothbard, recession | Leave a comment

Everything You Know About Money Is Wrong

Posted on 10 April 2013 by admin

by Washington’s Blog, Washington’s Blog We Can’t Fix What We Don’t Understand Bloomberg notes this week that the conventional theory of why money was created is wrong:

Posted in macroeconomics, money | Tagged Economy, GDP, money, money and banking, Washington's Blog | 1 Comment

The Euro Mess Gets Messier

Posted on 21 March 2013 by admin

by Elliott Morss, Morss Global Finance Introduction I have not written about problems in the Eurozone and surrounding areas since last October since nothing had changed. The Eurozone is in the process of falling apart because what I called the … Continue reading →

Posted in Eurozone, macroeconomics, money | Tagged banking, Cyprus, Cyprus banks, Elliott Morss, Eurozone, money, money and banking, weak sisters | 3 Comments

Are We Protected From Another Collapse?

Posted on 25 February 2013 by admin

Banks, Securitization & Incentives by Elliott Morss, Morss Global Finance Introduction The bank crisis was serious – $52 trillion in capital losses leading to the largest global recession since 1929. We should work hard to insure it does not happen … Continue reading →

Posted in Banking News, mortgages, securitization | Tagged banking, CLO, collateralized loan obligations, credit rating agencies, Dodd-Frank, Elliott Morss, money, money and banking, Morss Global Finance, sub-prime mortgages, TARP, Volcker Rule | 2 Comments

Can Banks Really Just Create Money?

Posted on 16 January 2013 by admin

Special Analysis Article from Bullion Vault by Paul Tustain, Bullion Vault It’s the banks, not their customers, who actually wind up owing each other money… Observers of Fractional Reserve Banking have noticed that your deposit into a bank can cause … Continue reading →

Posted in Banking News, Business News and Analysis, money | Tagged banking, Economy, Federal Reserve, GDP, money, money and banking, Paul Tustain, trade balance | Leave a comment

Rothbard and Money

Posted on 9 January 2013 by admin

by Llewellyn H. Rockwell, Jr, Lew Rockwell.com This was published on January 2, 2013, in Ron Paul’s Monetary Policy Anthology: Materials From the Chairmanship of the Subcommittee on Domestic Monetary Policy and Technology, US House of Representatives, 112th Congress. The … Continue reading →

Posted in Economics, Federal Reserve, Government, US Treasury, money | Tagged Economy, Llewellyn H. Rockwell, money, money-market | Leave a comment

The Natural Rate of Interest Is Zero

Posted on 17 December 2012 by admin

by Mathew Forstater and Warren Mosler, MoslerEconomics.com This paper argues that the natural, nominal, risk free rate of interest is zero under relevant contemporary institutional arrangements. However, as Spencer Pack reminded us, “[n]atural and nature are complex words, fraught with … Continue reading →

Posted in Economics, money | Tagged Economy, exchange rate, flexible exchange rates, floating exchange rate, interest rate, Mathew Forstater, money, money and banking, State-Issued Currency, Warren Mosler | 1 Comment

A Tale of Two Countries

Posted on 1 December 2012 by Elliott Morss

Austerity, Deficits, and Debt: A Tale of Two Countries by Elliott R. Morss, Morss Global Finance Introduction Greece is involved in a series of austerity programs. And the US is considering austerity measures to keep it from “falling off the … Continue reading →

Posted in Eurozone, macroeconomics, money | Tagged banking, Elliott Morss, Eurozone, federal deficit, Greece, money, money and banking, money sovereignty, national debt | 1 Comment

India’s Inflation Crisis: What This Means for Monetary Policy

Posted on 12 November 2012 by Ajay Shah

Ajay Shah writes on India’s inflation crisis and how this affects the country’s monetary policy. Continue reading →

Posted in Economics, India, money | Tagged Ajay Shah, India, India monetary policy, inflation, money | Leave a comment

What Have Economists Ever Done for Us?

Posted on 15 October 2012 by admin

by Andrew G. Haldane, Executive Director Bank of England, from Vox EU There is a long list of culprits when it comes to assigning blame for the financial crisis. At least in this instance, failure has just as many parents … Continue reading →

Posted in Banking News, International Economic data, macroeconomics, money | Tagged Andrew G. Haldane, complex economic systems, money, money and credit, representative agents | Leave a comment

Exchange Rate Policy and Full Employment

Posted on 28 August 2012 by admin

by Warren Mosler, Mosler Economics Editor’s note: This is the manuscript for a presentation made on either 03 December 1997 or 03 December 1999 (see discussion in comments) at a conference hosted by Prof. William Mitchell, University of Newcastle, New … Continue reading →

Posted in macroeconomics, money | Tagged Bill Mitchell, buffer stock employment, Employer of Last Resort, employment, fixed exchange rate, floating exchange rate, Jobs Guarantee, mmt, modern monetary theory, money, taxation, trade, Warren Mosler | 6 Comments

What economists need to know about the modern money creation process

Posted on 9 July 2012 by admin

by Manmohan Singh and Peter Stella, Voxeu The world of credit creation has shifted over recent years. This column argues this shift is more profound than is commonly understood. It describes the private credit creation process, explains how the ‘money … Continue reading →

Posted in International Economic data, money | Tagged collateral chains, deleveraging, Manmohan Singh, modern money creation, money, money multiplier, peter stella, reusing collateral, shadow banking | Leave a comment

Posted on 9 April 2012 by admin

by Steve Keen, Debtwatch with extensive quotations from Paul Krugman Editor’s note: There has been an ongoing exchange between Steve Keen and Paul Krugman over the way that money and banking should be accounted for in the macroeconomy. Between spurts of … Continue reading →

Posted in Banking News, Great Debate©, macroeconomics, money | Tagged banking, money, Paul Krugman, ptolemy, steve keen | 4 Comments

A Primer on Minsky

Posted on 5 April 2012 by admin

by Steve Keen, Debt Watch Editor’s Note: This is the article that started the recent “Keen-Krugman War.” We will post more on this important economic discussion in the coming days. My paper “Instability in Financial Markets: Sources and Remedies” for … Continue reading →

Posted in macroeconomics, money | Tagged economic disequilibrium, Fisher, Hyman Minsky, keynes, money, Paul Krugman, steve keen, Walras | 5 Comments

U.S. Facing Insolvency by Ignorant Choice

Posted on 26 December 2011 by admin

by Derryl Hermanutz In his book, “The 7 Deadly Innocent Frauds of Economic Policy”, modern money theory (MMT) advocate Warren Mosler distinguishes between three very different kinds of money systems, “Historically, there have been three categories of money: commodity, credit, … Continue reading →

Posted in money | Tagged debt, Derryl Hermanutz, government debt, insolvency, mmt, modern monetary theory, money, U.S. government debt | 10 Comments

Some Further Thoughts on Ellen Brown’s Reply

Posted on 29 November 2011 by admin

by Michael Rozeff Editor’s note: This was written last week in response to Ellen Brown’s reply in The Great Debate© Public Banking. It is posted here rather than being attached to the debate post for greater visibility. The following was … Continue reading →

Posted in Banking News, macroeconomics, money | Tagged banking, debt, interest, liberty, Michael Rozeff, money, public banking | Leave a comment

Voters: Get Your Heads Straight on Money ASAP … Please!

Posted on 13 November 2011 by admin

by Art Patten, Symmetry Capital Management From Bloomberg: A Bloomberg National Poll, conducted June 17-20, found voters choosing jobs over the deficit or federal spending as their top concern by 42 percent to 30 percent. Yet 74 percent of Americans … Continue reading →

Posted in macroeconomics | Tagged Art Patten, debt free money, deficits, fiat money, gold, mmt, modern money, money, national debt | Leave a comment