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Recent Posts

Linkfest: Push to wind down Fannie, Freddie; Stock exchanges seek …

Senate leaders in bipartisan push to wind down Fannie Mae, Freddie Mac. NYSE, NASDAQ push for wider tick spreads. Deflation mindset hard to break in Japan ; Coming soon to USA? The down of an age of drones, robots,  … [...]

Deflation: The Failed Macroeconomic Paradigm Plumbs New …

deflation is the symptom. Lack of adequate demand is the cause. The consequences of recession are fatal to many people, but the economy does not “die.” It gets very sick for years and causes terrible, wasteful, and  … [...]

Essays in Monetary Theory and Policy: On the Nature of Banking …

The system has undergone a dramatic transformation over the development of the capitalist economy, and Minsky spent a large amount of time studying this transformation. ….. These government supports played an extremely important role in the evolution of the capitalist economy – not only was the government the main source of financing for the economy, but the indebtedness of firms and households was very low due to the significant deflation that resulted from  … [...]

MINSKY DOES RIO: Notes from a Conference | New Economic …

It is part of a bigger project to take Hyman P. Minsky global. In my view, Minsky was hands-down the greatest economist of the second half of the twentieth century and he deserves the attention he's getting. Watch for an  … [...]

Bitcoin's Deflationary Weirdness | New Economic Perspectives

But economists associate deflation with two negative phenomena: First, if prices are falling then the incentive to hoard the currency increases, since anybody who possesses that currency is seeing its value increase each [...]

BOJ candidates Haruhiko Kuroda promised to beat deflation

Japan's economy has struggled with deflation for many years, seen as a challenge to sustainable growth. “If I am approved as Bank of Japan governor, I believe it will be my most important duty to ensure the price stability goal … [...]

Japan – In Thrall to Quackery |

According to Takenaka, “ Japan has the best opportunity to beat deflation in more than a decade.”, which sure sounds like he's threatening Japan's aging consumers with an imminent loss of real income. They have already … [...]

Japan Learned to Love Deflation in Wage Malaise Challenging BOJ …

The Bank of Japan's inflation target looks to be at odds with Japanese consumer sentiment–they've learned to love lower prices: A decade and a half [...]

Japan's Abe: No Reform Unless Deflation Is Defeated

A day before Shinzo Abe is sworn in as Japan's prime minister, he stressed that beating deflation was a prerequisite for fixing Japan's dire fiscal state. Syndicated from Asia Top [...]

An Endeavour into Economics: ECLA Co-hosts the Minsky Conference

From November 26th to 27th, ECLA of Bard had the great opportunity to co-organize the annual Hyman P. Minsky Conference on Financial Instability together with the Levy Economics Institute of Bard College. … Any attempt to resolve this dependency would lead to a deflation of debt, which would force more austerity measures, which would further reduce the GDP and hinder debt reduction, thus creating a vicious circle that can throw European economies into … [...]