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Time enough for success
Skepticlawyer’s excellent post on the GFC examines the financial crisis. The post below is concerned with the time period for monetary policy. While, as I note below, the collapse in total spending...
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Check your expectations (3) Milton Friedman not going far enough
Milton Friedman’s 1967 Presidential Address (pdf) is something monetary economists regularly say anyone interested in monetary economics should read. Having recently read it, I have come to the...
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Human societies as studies in relative scarcity: the price of children, the...
That modernising societies experience a “demographic transition“–a change from high fertility and high death rates to low fertility and low death rates with an intermediate period of high fertility and...
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Money, prices, assets and evasions of responsibility
Understanding the equation of exchange can help see what a massive evasion of institutional responsibility lies behind the Great Recession and the Eurozone crisis. Economist Irving Fisher developed the...
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What is it about money?
I was going to hold off blogging until the New Year, but irritation drove me to posting … In a recent article, Alan Kohler had this to say: The real war is between monetary policy and the Digital...
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