Creative destruction
13 Feb 2024 Leave a comment
in economic history, entrepreneurship, financial economics, industrial organisation, survivor principle Tags: creative destruction
A boom
22 Jan 2024 Leave a comment
in development economics, economic history, entrepreneurship, financial economics, growth disasters, growth miracles Tags: India
📸 Look at this post on Facebook
https://www.facebook.com/share/utqMWmwSv6CsNYNR/?mibextid=RXn8sy
Investors Are Turning on A Key Pillar of Biden’s Climate Agenda
27 Dec 2023 Leave a comment
in energy economics, environmental economics, financial economics, global warming
“I think the investor class has grown weary of the industry’s lack of profitability,” Blink Charging’s CEO Brendan Jones told the WSJ. EV charging companies once received lofty valuations from investors, Jones told the WSJ. The post Investors Are Turning on A Key Pillar of Biden’s Climate Agenda first appeared on Watts Up With That?.
Investors Are Turning on A Key Pillar of Biden’s Climate Agenda
Central Banking and the Real-Bills Doctrine
21 Dec 2023 Leave a comment
in economic history, financial economics, great depression, history of economic thought, macroeconomics, monetary economics Tags: monetary policy
Robert Hetzel, a distinguished historian of monetary theory and of monetary institutions, deployed his expertise in both fields in his recent The Federal Reserve: A New History. Hetzel’s theoretical point departure is that the creation of the Federal Reserve System in 1913 effectively replaced the pre-World War I gold standard, in which the value […]
Central Banking and the Real-Bills Doctrine
The Piketty-Saez-Zucman response to Auten and Splinter
17 Dec 2023 Leave a comment
in applied price theory, econometerics, economic history, entrepreneurship, financial economics, income redistribution, labour economics, politics - USA, poverty and inequality, Public Choice, public economics Tags: top 1%
A number of you have asked me what I think of their response. The first thing I noticed is that Auten and Splinter make several major criticisms of PSZ, and yet PSZ respond to only one of them. On the others they are mysteriously silent. The second thing I noticed is that PSZ have been […]
The Piketty-Saez-Zucman response to Auten and Splinter
Hetzel Withholds Credit from Hawtrey for his Monetary Explanation of the Great Depression
14 Dec 2023 Leave a comment
in business cycles, economic growth, economic history, financial economics, great depression, history of economic thought, labour economics, macroeconomics, Milton Friedman, monetarism, monetary economics, unemployment Tags: monetary policy
In my previous post, I explained how the real-bills doctrine originally espoused by Adam Smith was later misunderstood and misapplied as a policy guide for central banking, not, as Smith understood it, as a guide for individual fractional-reserve banks. In his recent book on the history of the Federal Reserve, Robert Hetzel recounts how the […]
Hetzel Withholds Credit from Hawtrey for his Monetary Explanation of the Great Depression
Argentina projection of the day
08 Dec 2023 Leave a comment
in development economics, economic growth, economics of regulation, entrepreneurship, financial economics, growth disasters, macroeconomics, monetary economics Tags: Argentina
Milei’s November election win — on a pledge to rapidly overhaul Argentina’s dysfunctional economy — has triggered a burst of market exuberance. The local Merval stock index is up 28 per cent, while prices for Argentina’s closely watched sovereign bonds maturing in 2030 — some of the most liquid — have risen 22 per cent…
Argentina projection of the day
Sun Sets On Subsidised Solar Scam: Solar Energy Share Prices Plummet 40% Overnight
21 Nov 2023 2 Comments
in energy economics, environmental economics, financial economics, global warming
Investors are dumping solar energy shares in the same way users discard worn out panels after their brutally short and punishingly expensive lives. Any ‘industry’ that relies for its existence on other people’s money never lasts all that long. As Margaret Thatcher put it: “The problem with socialism is that you eventually run out of […]
Sun Sets On Subsidised Solar Scam: Solar Energy Share Prices Plummet 40% Overnight
Shameless central bankers
15 Nov 2023 Leave a comment
in business cycles, economics of bureaucracy, financial economics, fiscal policy, inflation targeting, macroeconomics, monetary economics, Public Choice Tags: monetary policy
It was in mid-August that this particular bit of shameless Reserve Bank spin got going. From a post in late August It proved to be nonsense of course. Once we had access to the short little IMF piece, published at the back of the Fund’s Article IV review, it was clear that it all amounted […]
Shameless central bankers
Filling in the Gaps: Next Steps for the Fiscal Theory of the Price Level
15 Nov 2023 Leave a comment
in applied price theory, budget deficits, business cycles, econometerics, economic history, financial economics, fiscal policy, great depression, great recession, history of economic thought, inflation targeting, macroeconomics, monetarism, monetary economics Tags: monetary policy
Real ESG
30 Oct 2023 Leave a comment
in financial economics Tags: efficient markets hypothesis
If you care about corporate social impact, start measuring consumer surplus. From the NBER:An Economic View of Corporate Social ImpactHunt Allcott, Giovanni Montanari, Bora Ozaltun & Brandon TanWORKING PAPER 31803ISSUE DATE October 2023The growing discussions of impact investing and stakeholder capitalism have increased interest in measuring companies’ social impact. We conceptualize corporate social impact as the…
Real ESG
Inflation, Deflation and Debt
03 Oct 2023 Leave a comment
in budget deficits, economic history, financial economics, fiscal policy, history of economic thought, macroeconomics, monetary economics
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