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Recent Posts

Japan's Looney Tunes Economics: The Deflation Lie And The Yen …

Yet still Japan's Prime Minister Shinzo Abe and his central bank chief Haruhiko Kuroda warn that they have not won the battle against deflation . That caution is absurd — all the more so in view of the fact that there was [...]

January 2014 Project of the Month, Minsky | SourceForge …

Minsky Team: The best instance so far is a monetary version of Keen's 1992 model in which price deflation amplifies the trend to instability. The final crisis is a downward collapse due to private debt falling less rapidly than  … [...]