April 2014
« Mar    

Recent Posts

Keen Bordeaux 2013 Debt Deflation

My keynote speech at the KEDGE Business School “Finance and Society” conference. I give a live demonstration of switching from a model of Loanable Funds to [...]

Panic In China: Malinvestment, Deflation, And The Next Emerging …

While the deflation of the Chinese asset bubble will have a global impact, not everyone will be negatively affected. It's worth noting that China is following almost the exact same path as Japan in the 1980's. While China might  … [...]

Demographics, Disinflation and Deflation | S O L A R C Y C L E S

The alternative 15-40 ratio measure paints a similar picture of price deflation ahead for five of the most important economies: 23jun14 This explains why ZIRP and QE have failed to bring about inflation in Japan and now the  … [...]

Deflation Nation: Surreal "Slow Motion" Societal Collapse

http://www.forbes.com/sites/afontevecchia/2013/05/16/to-taper-or-not-to-taper-two-months-of-deflation-pressure-bernanke-as-stocks-approach-hyper-drive/ Is [...]

Killer Cost: The mainstream take

Success of the Keynesian-Neoclassical synthesis eclipsed the debt- deflation hypothesis until Minsky in 1974 retrieved it to shape his own financial instability hypothesis. Minsky supported a view that the business cycle was a … [...]

Deflation: What Can You Do About It? – Seeking Alpha

Not only is this a slippery slope to deflation , it sounds familiar to a nation which has been overrun by deflation for over 10 years – Japan . Another major problem with this “deleveraging” frame of mind is that incentives become  … [...]

EconoMonitor : Great Leap Forward » Hyman Minsky's New Book on …

Many of us got this policy from the late Hyman Minsky , who is well-known for his “financial instability hypothesis”. However, in the 1960s and 1970s he wrote nearly as much on unemployment and poverty. Indeed, he linked … [...]

Mike Norman Economics: Lars Syll — Sweden hit by deflation

… neoclassical economics has nothing to offer in way of solving the problems that it brings along – and why it is so important to get hold of the insights that Fisher, Keynes, Minsky and Krugman have given us on debt- deflation … [...]

What is Modern Monetary Theory, or “MMT”? « naked capitalism

The great virtue of modern, fiat money is that it can be managed flexibly enough to prevent *both* deflation and also any truly damaging level of inflation – that is, a situation where prices are rising faster than wages, or where both are ….. Some of MMT's other notable academic progenitors include Hyman Minsky , Abba Lerner and, more recently, the English economist Wynne Godley, whose emphasis on achieving consistency in the analysis of economic stocks and … [...]

Puppet Economics Episode 1: The Pokemon Parable (Inflation is Theft)

How could an ultra-rare and valuable Pokemon card be stolen from a mega secure bank vault without the use of a lock-pick, dynamite, safe cracker or even a [...]