October 2014
M T W T F S S
« Sep    
 12345
6789101112
13141516171819
20212223242526
2728293031  

Recent Posts

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  … [...]

Japan's War On Deflation Gets A Boost As Consumer Prices Rise At …

Japan's war on deflation got a boost last month with a key inflation indicator rising at its fastest pace in 15 years, new data showed on Friday, as Tokyo battles to reverse years of falling prices. Stripping out volatile food 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 … [...]

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 [...]