ERA Blog

The problem is the moribund state of mainstream economics

18 January, 2012

Steve Keen has made the point that monetary reformers are going to have an uphill battle in bringing in any real or meaningful reforms because the monetary system, as it… continue reading »

The fallacy that the debt-virus hypothesis explains the excessive growth of debt

17 January, 2012

The debt virus hypothesis is an explanation of the debt-growth imperative and the excessive growth of debt, which asserts that money needs to be created (which implcitly, under a fractional reserve… continue reading »

Why government spending is different from household spending

14 January, 2012

Another blogsite containing useful economic analysis and insights is entitled New Economic Perspectives (see  On this site is a video of a talk by Stephanie Kelton, who explains why TINA (“there is… continue reading »