April 2020
M T W T F S S
« Mar    
 12345
6789101112
13141516171819
20212223242526
27282930  

Recent Posts

Why QE May Lead to DEFLATION In the Long Run Washington's Blog

Quantitative easing (QE) was supposed to stimulate the economy and pull us out of deflation . But the third round of quantitative easing (“QE3?) in the U.S. failed to raise inflation expectations. And QE hasn't worked in Japan [...]

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  … [...]

Mindless Austerity And Security Guards – Social Europe Journal

Never mind the risk of deflation . And never mind the output costs or any mass unemployment tragedies either. Perhaps the most noteworthy aspect of Mr Mersch's appearance at the Minsky conference in Athens was the fact  … [...]

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  … [...]

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 … [...]

Kuroda Pledges to Do Whatever Needed to Combat Japan Deflation …

Bloomberg Kuroda Pledges to Do Whatever Needed to Combat Japan Deflation Bloomberg Haruhiko Kuroda, nominated to be the next Bank of Japan [...]

2007–09 Under an Austrian Lens | Economic Thought

… Irving Fisher's theory of debt deflation — at least, as far as “secondary deflation ” goes —, Hyman Minsky's theory of leverage build-up and financial crises (e.g. Keen [2011]), and work that centers on financial [...]

The End of Swiss and Japanese Deflation – SNB & CHF

A CPI and wage data comparison among different developed countries, shows that Switzerland and Japan will see both [...]

The End of Swiss and Japanese Deflation » SNB & CHF: A …

A CPI and wage data comparison among different developed countries, shows that Switzerland and Japan will see both [...]