16th SAET Conference on Current Trends in Economics – Robert E. Lucas, JR
28 Jun 2018 Leave a comment
in business cycles, development economics, economic growth, economic history, macroeconomics, monetary economics, Robert E. Lucas
Stephen Williamson Monetary Policy Normalization: Origins of The Bank of England
23 May 2018 Leave a comment
in economic history, financial economics, macroeconomics, monetary economics Tags: monetary policy
Thomas Humphrey on the cost push theory of inflation fallacy that will not die
15 May 2018 Leave a comment
in inflation targeting, macroeconomics, monetary economics Tags: cost-push inflation
Stagflation was not caused by Cost-Push factors – Milton Friedman
15 May 2018 1 Comment
in business cycles, macroeconomics, Milton Friedman, monetarism, monetary economics Tags: cost-push
The new reserve bank governor was talking about how rising wages may increase inflation. The horror, the horror!
A less than smooth arbitrage opportunity
15 May 2018 Leave a comment
in entrepreneurship, monetary economics Tags: hyperinflation
Lessons About Mises the Man from His Moscow “Lost Papers” Richard Ebling
03 May 2018 Leave a comment
in Austrian economics, monetary economics
Wouldn’t hold much hope for investors in a hedge fund founded by Steve Keen to put other’s money where his mouth is all the time
28 Apr 2018 Leave a comment
in business cycles, entrepreneurship, Euro crisis, financial economics, fiscal policy, global financial crisis (GFC), macroeconomics, monetary economics Tags: active investing, monetary cranks, revealed preference
35 years later: Diamond-Dybvig model of bank runs
26 Apr 2018 1 Comment
in business cycles, financial economics, global financial crisis (GFC), macroeconomics, monetary economics Tags: bank panics, bank runs
Thomas Sargent v. @AnnPettifor on macroeconomics before the #GFC
24 Apr 2018 Leave a comment
in budget deficits, business cycles, fiscal policy, global financial crisis (GFC), great depression, great recession, macroeconomics, monetary economics, Public Choice Tags: monetary cranks, Thomas Sargent
When will @AnnPettifor found a hedge fund to profit from putting other’s money where her mouth is rather than just her own retirement savings portfolio, which I am sure she did
23 Apr 2018 Leave a comment
in applied price theory, economics of information, entrepreneurship, fisheries economics, global financial crisis (GFC), macroeconomics, Marxist economics, monetary economics Tags: efficient markets hypothesis, entrepreneurial alertness, monetary cranks
The GFC did not bring down the Celtic Tiger; the Irish government did by overreacting in a crisis
07 Mar 2018 2 Comments
in global financial crisis (GFC), macroeconomics, monetary economics, Public Choice
Timothy J. Kehoe and Gonzalo Fernandez de Cordoba wrote this for the Annual Report Essay of the Federal Reserve Bank of Minneapolis in 2008 on the eve of the financial crisis in Ireland:
Different sorts of shocks can start financial crises. Some shocks are external to the economy. In the cases of Chile and Mexico, the shock was the increase in world interest rates and the decrease in international commodity prices, and in the case of Finland, it was collapse in trade with the former Soviet Union. Some shocks are internal. In the case of Japan, the shock was the fall in the prices of commercial real estate, and, currently in North America and Western Europe, it is the fall in the prices of residential real estate. The analysis of great depressions shows that the type of shock that starts the depression is less important than reaction to the shock by the economy and, in particular, the government.
The screen snapshot below shows that the Irish government did not bail out the depositors of a bank, they bailed out the bondholders. It is only when there is a bank run by depositors of a large bank is a financial system under threat. Bondholders are on their own.
FROM https://www.vanityfair.com/news/2011/03/michael-lewis-ireland-201103
Utopia, you are standing in it! 
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