Utopia, you are standing in it!

Celebrating humanity's flourishing through the spread of capitalism and the rule of law

V.V. Chari testifies on the information assumptions of modern macroeconomics and the risk of financial crises

September 3, 2019


Originally posted on croaking cassandra:
Late on Friday afternoon, Stuff posted an op-ed piece calling for the introduction of a (funded) deposit insurance scheme in New Zealand.  It was written by Geof Mortlock, a former colleague of mine at the Reserve Bank, who has spent most of his career on banking risk issues, including having been…

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About the only time the Hollywood Left oozes with patriotism is when getting stuck into Wall Street. Hollywood must get its revenge for all those times investors did not back their film pitches, trimmed budgets and get the lion’s share of merchandising royalties and syndication profits. As Larry Ribstein explained: American films have long presented …

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https://twitter.com/JimRose69872629/status/671926029057785856 @TheDailyBlogNZ Wade is plain wrong for to say GFC caught modern macroeconomics by surprise.https://t.co/pHKb6JfmPV — Jim Rose (@JimRose69872629) December 2, 2015 @BowalleyRoad what Wade said about modern macroeconomics and the GFC are groundlesshttps://t.co/j5WPN6D6SL — Jim Rose (@JimRose69872629) December 2, 2015

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via Interview with Thomas Sargent | Federal Reserve Bank of Minneapolis

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An average of 41% of Greek bank assets are non-performing, with loan repayments 90 days overdue or more (Barclays). http://t.co/HfXV8uapkj— Mike Bird (@Birdyword) July 13, 2015 via The Grumpy Economist: Greece again.

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Financial crises surprisingly common, but few countries close their banks pewrsr.ch/1NQyz2P #Greece http://t.co/pK0sfB49Ka— PewResearch FactTank (@FactTank) July 09, 2015

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If we could take time out from the breathless journalism about the Chinese stock market, which some people may have heard of before this week, it’s crash should be seen through the lens that Anna Schwartz developed in 1987 of a pseudo financial crisis and a financial crisis. This is why so many Chinese companies …

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Greece is a tiny part of the European economies so it doesn’t matter that much to the rest of the European Union what happens to Greece. The only people will notice the sovereign default of Greece once the breathless journalism has died down are Greeks themselves as they rebuild their banking and monetary system against …

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