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Recent Posts

CONVERSABLE ECONOMIST: Deflation: The Case for Worrying Less

As a starting point, consider pre-World War I episodes of deflation from 1860-1901 in ten countries: Belgium, Canada, France, Germany, Italy, Japan , Netherlands, Switzerland, United Kingdom, United States. Some of [...]

Debt deflation in action: Greece | Real-World Economics Review Blog

Household debt in Greece is pretty low (70% of GDP, 2013), at least compared with countries like the Netherlands (139%, 2012), Denmark (149%, 2012) or Ireland (112%, 2012). Also, after 2010 Greek households paid [...]

Deflation in Greece: rapidly increasing | Real-World Economics …

Almost exactly a year ago (Jan 20), Tyler Cowen asked the question: 'Why is there still inflation in Greece' while, somewhat earlier (Oct 26, 2012), I stated that 'In Greece, deflation and not inflation is the [...]

Carney Capital Investments: MINSKY – THE “ROARING 20'S” AND …

Minsky identifies and includes behavioural/psychological factors such as greed, manias, panic and debt deflation mentality. In identifying these and including these Minsky taps into the human aspects that contribute greatly to  … [...]

Deflation in Greece | Real-World Economics Review Blog

Dynamite Prize · Dynamite Prize in economics · economic journals · Economic Thought · economics profession · ethics · Minsky · neoclassical economics · Real World Economics Movement · revere award · Revolving-Door  … [...]

Noahpinion: Japan and the liquidity trap

Certainly, liquidity trap models are consistent with one important piece of the Japan story: the coupling of persistent deflation with zero nominal interest rates. As I said in the update to my last post, liquidity trap models might be  … [...]

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 [...]

The Scylla and Charybdis of Deflation and Higher … – Ponzi World

Events of the past week confirm our thesis that Central Banks have no exit strategy to avoid asset (and price) deflation aka. “The Minsky Moment”. Only a “Risk Off” event will reverse the rise in interest rates, so the markets are  … [...]

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 [...]

Inflation, Deflation or Hyperinflation In America & Effect on Gold and Silver Prices In 2014-2015

Wonder whether the US is currently experiencing inflation, deflation or stagflation? Are we heading into hyperinflation? What effect will this have on gold [...]