The current state of the economy Edward Prescott 2012
26 Oct 2018 Leave a comment
in business cycles, Edward Prescott, fiscal policy, global financial crisis (GFC), great recession, macroeconomics Tags: real business cycle theory
The Current Financial Crisis and the Great Depressions of the 20th Century” by Prof. Timothy J. Kehoe
23 Oct 2018 Leave a comment
in applied price theory, business cycles, great depression, labour economics, labour supply, macroeconomics
@ProfSteveKeen never predicted GFC
22 Oct 2018 Leave a comment
in financial economics, macroeconomics
Post-Keynesian macroeconomists believe business cycle theory starts and finishes with recurrent private debt bubbles that lead to inevitable financial crashes because private investors repeatedly borrow more than they can pay back and never learn.
Bold, risky science in the finest tradition of Karl Popper. Keen strictly forbids a recession not following a build up of private debt. His theory is too bareboned to have a protective belt of auxiliary hypotheses that save him from refutation.
Post-Keynesians identified a great business opportunity shorting these recurrent debt bubbles but must crowd source further development of the Minsky Software that successfully predicted the GFC.
Top hedge fund managers earn at least $400 million a year so they could easily spare a few million dollars over lunch on the off chance that there is something in Post-Keynesian macroeconomics and the Minsky software.
Money For Nothing: Inside the Federal Reserve – Trailer
21 Oct 2018 Leave a comment
in business cycles, economic growth, economics of bureaucracy, global financial crisis (GFC), great recession, inflation targeting, macroeconomics, monetary economics, politics - USA, Public Choice Tags: economics of central banking
Missing Growth from Creative Destruction Philippe Aghion
21 Oct 2018 Leave a comment
in applied price theory, economic growth, macroeconomics Tags: creative destruction
Why were Canadians googling housing bubble most when the #GFC later passed them and their financial system by?
21 Oct 2018 Leave a comment
in business cycles, global financial crisis (GFC), great recession, macroeconomics
Lee Ohanian: The Economic Crisis: A Comparison Across Time and Across Countries
21 Oct 2018 Leave a comment
in budget deficits, business cycles, economic growth, global financial crisis (GFC), great depression, great recession, macroeconomics, monetary economics
The Limits of Fiscal Policy
16 Oct 2018 Leave a comment
in applied price theory, budget deficits, fiscal policy, macroeconomics, monetary economics
Paul Romer’s contributions
08 Oct 2018 Leave a comment
in applied price theory, development economics, economic growth, macroeconomics Tags: endogenous growth theory, Paul Romer
If @ProfSteveKeen’s Minsky model was good enough to predict the GFC, why was @NZTreasury asked to pay for 3 years more coding?
07 Oct 2018 Leave a comment
in business cycles, global financial crisis (GFC), great recession, macroeconomics, monetary economics Tags: Post-Keynesian macroeconomics
Reply of @NZTreasury to my Privacy Act request for a statement of correction to be attached to incorrect personal information
04 Oct 2018 Leave a comment
in economics of bureaucracy, macroeconomics, politics - New Zealand, Public Choice
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Jonn Cochrane Says Allowing European Defaults `Best’ for Euro
04 Oct 2018 Leave a comment
in budget deficits, business cycles, currency unions, Euro crisis, financial economics, law and economics, macroeconomics, monetary economics, property rights Tags: sovereign defaults
How Did Paul Krugman Get It So Wrong? John Cochrane
02 Oct 2018 Leave a comment
in budget deficits, business cycles, entrepreneurship, Euro crisis, financial economics, fiscal policy, global financial crisis (GFC), great depression, great recession, macroeconomics, monetary economics Tags: Paul Krugman
Predicting the GFC, Karl Popper & the lure of prophecy
01 Oct 2018 Leave a comment
in financial economics, history of economic thought, macroeconomics, Marxist economics
From https://plato.stanford.edu/entries/popper/ and https://books.google.co.nz/books?id=zXh9AwAAQBAJ&pg=PA455&dq=karl+popper+Conjectures+Refutations+%22the+dream+of+prophecy%22&hl=en&sa=X&ved=0ahUKEwiczvqg3uPdAhVDQd4KHRD8CPQQ6AEIKTAA#v=onepage&q=karl%20popper%20Conjectures%20Refutations%20%22the%20dream%20of%20prophecy%22&f=false
Utopia, you are standing in it! 
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