Is a Liquidity Trap Possible? Beware of those who do not understand the Structure of Production.
The essential idea of a Liquidity Trap as expounded by J M Keynes in this “General Theory” is that there is a point in…
Read MoreCapital
Animal Farm
Sept. 17 (Bloomberg) — Private investors in China, the world’s largest metals user, have stockpiled “substantial” quantities of copper as the government ramps up…
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Lord Timon’s Purse
In Lord Timon’s Purse, Sean Corrigan explores the causes of the forty US banking failures of 2009 and sets out some of the basics…
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Material Evidence
In the 1 September 2009 edition of Material Evidence, Sean Corrigan explains why the stock market is rising and why the appearance of prosperity…
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Now it’s looking like V for victory over recession – Times Online
Responding to an article in The Times, Steven Baker indicates the origins of our views on the economic situation and its causes, of our…
Read MoreBailing out the Banks – Glaring Evidence of Moral Hazard
Gordon Kerr, a banker with expertise in derivatives and foreign exchange, explores the evidence of moral hazard in the bank bail outs. By rescuing…
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FT.com – “Beware of errors in output gap data”
Entrepreneur and economist Toby Baxendale responds to warnings over errors in output gap data by explaining that there is no output gap, only lost…
Read MoreFT.com / Martin Wolf – The cautious approach to fixing banks will not work
Via FT.com / Columnists / Martin Wolf – The cautious approach to fixing banks will not work: With one bound the banks are free,…
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