Are major economies suffering from the deficiency of demand?
byIn his article “The curse of weak global demand”, Financial Times November 18, 2014, the economics columnist Martin Wolf wrote that today’s most important…
“Smacking a skunk with a tennis racket”
by“Finally, as expectations of rapid inflation evaporate, I want to contribute to the debate about the November 15, 2010 letter signed by 23 US…
Should economics emulate natural sciences?
byEconomists have always been envious of the practitioners of the natural and exact sciences. They have thought that introducing the methods of natural sciences…
That G20 meeting
byG20 gatherings of world leaders on the surface are all the same: they conclude with a meaningless anodyne statement that everyone can agree with….
Bank gearing in the Eurozone
byAccording to the ECB’s Bank Lending Survey for October banks eased their credit standards in the last quarter, while their risk perceptions increased. This…
Brave new world
by“Sir, Adair Turner suggests some version of monetary financing is the only way to break Japan’s deflation and deal with the debt overhang (“Print…
Interview with Martin Wolf on Monetary Reform, Part 2
byMartin Wolf wrote an excellent article earlier this year on monetary reform, which can be found here . Martin’s new book, “The Shifts and the…
Interview with Martin Wolf on Monetary Reform, Part 1
byMartin Wolf wrote an excellent article earlier this year on monetary reform, which can be found here . Martin’s new book, “The Shifts and the…
Understanding the Money Creation and Society Debate
byTogether with colleagues spanning four parties – Michael Meacher (Lab), Caroline Lucas (Green), Douglas Carswell (UKIP) and David Davis (Con) – I have secured a…
The Gold Standard Did Not Cause The Great Depression, Part 2
byAs noted in my previous column, AEI’s James Pethokoukis and National Review‘s Ramesh Ponnuru — among many others — appear to have fallen victim…