Economics

Ron Paul was on CNN this morning talking about unemployment, the credit crisis, the Federal Reserve and a lot more.

In a BBC Two interview, former Fed chief Alan Greenspan waxed fatalistic, saying that another financial crisis is inevitable due to animal spirits.  In his view, booms and busts are endogenous to the capitalist system, crises being the…

Putting the ‘change’ back in “change you can believe in”: The two faces of Barack Obama – Marshall Auerback Is this the Warren Christopher Presidency writ large? Roosevelt Institute Braintruster Marshall Auerback argues that the…

You have heard me use the phrase “liquidity is seeking return” to describe the increase in the price of riskier assets due to monetary stimulus. The Bloomberg News video clip below points to an increase in lending for buyers of riskier…

Below is a video released by the Kauffman Foundation about bloggers in the econ and finance space.  The video shows that our space is really catching on and garnering ever more readership and credibility. This clip runs about 20…

The Sector Financial Balances Model of Aggregate Demand—Revised - Scott Fullwiler A great but dense analysis of the 1990s expansion and the present fiscal crisis Hotter weather fed growth of Incan empire - New Scientist Incan and…

This post is going to be a bit wonkish.  I apologize for those of you who are not economics geeks.  Hopefully, you will find it interesting nonetheless. At the urging of my good friend Marshall Auerback, I have been looking into…

On numerous occasions you will have heard me use the term ‘monetizing debt’ to describe what happens when the central bank creates money out of thin air in order to increase reserves in the banking system. The central bank is certainly…

The bloggers at bloggers at UMKC’s economics blog have been making the case that California’s IOUs are a currency.  Randy Wray’s entry last Monday was particularly provocative because he suggests a movement to loosen national…

Below is a very good hour-long interview I spied earlier today with Janet Tavakoli, the author of a new book ”Dear Mr. Buffett.”  Hat tip Zero Hedge. I also linked out earlier today to a piece she wrote over at CNN on “What Wall Street…