Bob sits down with economist Emmanuel Maggiori to discuss his new book that engages MMT on its own terms, drawing on the MMTers' own textbook, papers, and responses to critics.
In Graham Moore’s The Wealth of Shadows, John Maynard Keynes is a hero for his monetary manipulations. However, in the real world, the economics of Keynes has brought economic ruin.
There is no shortfall of liquidity in financial markets. In fact, there is so much that inflation has become a way of life for market participants. This is not a good thing.
There is no shortfall of liquidity in financial markets. In fact, there is so much that inflation has become a way of life for market participants. This is not a good thing.
Mainstream economists, not to mention most financial journalists, claim that deflation is as bad or worse than inflation. The Austrians know better. We need deflation and we need it now.
On the Investing News Network with Charlotte McLeod, Dr. Jonathan Newman presents a primer on Austrian economics.
The so-called money multiplier that exists through fractional reserve banking is propped up by central banking and inflation. It is not a good thing for the economy.
Although Federal Reserve policies are claimed to try to target the neutral rate of interest, it is not possible for that to be accomplished through monetary central planning.
The nineteenth-century American free bank experience is typically considered an example of unregulated banking that led to chaos, fraud, and bank failures. Palasek's study shows that it was in fact a strictly regulated system whose own regulations caused its downfall.
When the Massachusetts colony issued its own unredeemable paper money in 1690, it was with the promise that it would soon be redeemable in specie. Like all paper money issued by government, it lost value and the confidence of the people.
