The philosophy behind economics - Aiden Bedford & Rui Sihombing Imagine for a moment there’s a brand new machine that you can choose to enter, for the rest of your life. This machine allows you, through the beauty of technology, to live the most perfect life imaginable with all of your deepest … [Read more...]
Chicago economics
Chicago economics: a dangerous pseudo-scientific zombie - Lars Syll The "crowding out of loanable funds" hypothesis is largely spurious and misconceived, as can be shown by proper studies of government borrowing and deficit spending, monetary flows within the private sector, and banking … [Read more...]
Scary numbers
Scary numbers - David Ruccio Note: This figure depicts the share of total household wealth held by the 0.1% richest families, as estimated by capitalizing income tax returns. In 2012, the top 0.1% included about 160,000 families with net wealth above $20.6 million. Gabriel Zucman, in his … [Read more...]
To make America great again, write off the private debt
To make America great again, write off the private debt - Steve Keen President Trump should pay no heed to what insider economists are telling him. Dear President Trump, The key source of America’s economic weakness today is something you have experience with: private debt. All of the leaders … [Read more...]
